HelloParks to develop a 400,000 sqm of GLA logistics megapark in West Budapest

by   CIJ News iDesk III
2021-06-08   08:52

The total pipeline of Futureal Group’s industrial and logistics property development company, HelloParks, has now reached 900,000 sqm of GLA around Budapest.

HelloParks continues its development in the western agglomeration of the Hungarian capital, next to the M1 motorway, in Páty. This is the largest project in the history of the company and will complement HelloParks Fót in the North and HelloParks Maglód in the East, next to the airport.

As a member of Futureal Group, HelloParks continues its development of its industrial and commercial zones in the western agglomeration of Budapest, Páty. The 100 ha site will feature modern warehouse and production space in a total of 400,000 sqm of GLA, which will be developed in several phases.

Preparations for the first phase have already begun. The first building will offer 55,000 sqm of modern warehouse space and is expected to be handed over in Q3 2022. The value of this investment exceeds EUR 50 million.

"HelloParks has reached another milestone by investing in the western agglomeration of Budapest, and so far this promises to be our largest development, both in terms of plot size and total facilities." said Rudolf Nemes, CEO of HelloParks.