HelloParks, an industrial real estate development company belonging to the Futureal Group, is developing a 400,000 square-meter logistics megapark in several phases in Páty, near the M1 motorway, Futureal told the state news agency MTI on Monday.
According to the information, 400,000 square meters of gross leasable area of warehouse and manufacturing space will be built in several phases on a 100-hectare site in Páty.
The first phase, for which preparation has already begun, will see the construction of a 55,000 square-meter warehouse building, which is expected to be completed by the third quarter of 2022. The investment is worth more than EUR 50 million.
The company's development in Páty will complement HelloParks Fót in the north of the capital's agglomeration and HelloParks Maglód in the east, near the airport, bringing the total leasable area of the planned developments in the Budapest area to 900,000 square meters. HelloParks is building its industrial and logistics centre on a 76-hectare site in Fót and has started a similar development on a 46-hectare site in Maglód. In Fót and Maglód, it has the potential to develop 330,000 square meters and 193,000 square meters, respectively of warehouse and industrial space.
In response to MTI's enquiries, the company said that the first phase of the investment will be worth EUR 40 million in Maglód and around EUR 50 million in Fót, and will be completed by the end of 2021 in both locations.
Rudolf Nemes, CEO of HelloParks, said in the statement that HelloParks has reached another milestone by starting its investments in the western agglomeration of Budapest.
Futureal is one of the real estate development and investment groups in the Central and Eastern European region, and is one of the ten largest real estate developers in Europe. Since its creation, the Futureal Group has added more than 180 real estate development projects with a total gross floor area of 3 million square meters and a value of more than EUR five billion to its portfolio.


Leave a Reply Cancel reply
Top 5 Articles
Roche Expands its Budapest BSC portfolio February 15, 2021
Fornetti, the Hungarian bakery appears in London April 3, 2013
Hungarians In The French Foreign Legion April 29, 2009
Hungary and Korea: many similarities April 27, 2013
Gateway to Hungary December 27, 2019
No comment yet. Be the first!