Faedra Group, acting as developer and general contractor, has successfully sold its new, fully leased greenfield logistics development Faedra22 in Budapest. Throughout the marketing process, a German capital source was selected as the ideal buyer, Colliers reports. Selling Faedra 22 logistics park marks the first sizeable transaction by a foreign buyer in Hungary in 2024 so far.
Faedra 22, the second such logistics development by Faedra Group, is located in the Southern hub of the Budapest logistics market, at the intersection of the M0 and M6 motorways. The 16,600 sqm development concept was tailored around high building specifications and a strong ESG focus including heat pumps, solar panels and rich insulation, all contributing to a BREEAM Very Good and A+ energy rating.
“Faedra22 marks the second of such development by our group, and we continue our development plans, not only in this interesting asset class," added Bence Boronkay, founder and owner of Faedra Group.
“The sale transaction on Faedra22, following an intensive bidding process at benchmark pricing may indicate a turning point in price adjustments in the Budapest logistics sector," commented Bence Vécsey, Head of Capital Markets at Colliers.
