News Article construction DVM Hungary Industrial
by Property Forum | Industrial

The alliance aims to combine the decades of construction experience of the DVM Group and the extensive industrial general contracting experience of Greenfield Development. However, the new partnership does not represent a merger.

DVM Group and Greenfield Development have launched a joint venture under the name DVM-Greenfield. The new company will work closely with Limelog, a manufacturing and logistics company, to provide its clients with integrated services in the domestic market. Since its launch, DVM-Greenfield has already increased its portfolio with a total of more than 70,000 sqm of general contracting and project management assignments.

DVM-Greenfield offers a full range of services in the industrial real estate sector, from turnkey general construction of sustainable warehouses and production halls to project management and comprehensive professional consultancy. With Limelog's manufacturing and logistics capabilities, in-house prefabricated concrete elements, and its fleet of delivery vehicles, it can deliver tailor-made facilities. 

The partnership does not represent a merger; DVM Group, Greenfield Development, and Limelog will continue to operate independently. Through DVM-Greenfield, however, they can meet the integrated requirements of a much wider and expanding customer base.

"Due to the coronavirus pandemic, the stability of supply chains had to be reinforced, and in parallel, the growth of online commerce has led to a significant boost in the domestic and regional industrial real estate market in recent years. To ensure production security, European companies are increasingly bringing their own and their suppliers' manufacturing facilities closer to their local markets, further increasing demand for quality warehouses and production halls. This interest is only intensified by the emergence of Asian manufacturing and assembly plants in the country, which also represents a huge opportunity for expansion," emphasised Dávid Huszlicska, Director of DVM-Greenfield.