Construction starts at Park22 Business Park in Budapest

20
Sep
2022
News - Construction starts at Park22 Business Park in Budapest #Budapest #Europa Capital #Hungary #office #warehouse #White Star Real Estate

by Property Forum | Industrial

Groundworks have started at this new business park in the southern part of the Hungarian capital. The first phase is scheduled to be open in June 2023. 

The total leasable area of Park22, developed by White Star Real Estate with investment partner Europa Capital, will consist of 45,600 sqm of warehouse space and 15,200 sqm of office. There will be 3 separate office buildings and mezzanine offices in the warehouses.

The first phase will offer a 7,671 sqm warehouse and 2,350 sqm of office space. The other two phases are planned to build later.

Electric chargers and bike lots will be available on-site and a huge green park will rise comfort for tenants. The developers aim to get BREEAM ’Very Good’ certification for the business park.


Budapest Europa Capital Hungary office warehouse White Star Real Estate


Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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