News Article Colliers Hungary industrial investment
by Property Forum | Investment

Colliers sold the former Remy Automotive industrial site in Mezőkövesd, Hungary to Kiss és Társa Ltd, a local entrepreneur in the iron/metal business. The site has approx. 16 000 sqm buildings on a 13.6 ha plot and will be used for iron/metal production and warehousing purposes. Colliers represented the vendor, BorgWarner, the widely known, major automotive supplier during the transaction.


”This sale is another example of the trend experienced, where local companies more and more develop their facilities, expand and move to a bigger, more modern production or warehousing premise,” says Tamás Beck, Director of Industrial Agency at Colliers International Hungary.
 
Due to the notably increased construction costs and the significantly extended construction period (approx. 18 months) make existing sites much more in demand both in Budapest and in the countryside, even if they need to be customized afterwards.