FoxPost rents 8,400 sqm from HelloParks near Budapest

12
Aug
2021
News - FoxPost rents 8,400 sqm from HelloParks near Budapest #Budapest #development #HelloParks #Hungary #industrial #lease #logistics

by Property Forum | Industrial

The first big tenant has moved into the first completed unit of the HelloParks industrial and logistics megapark located in Maglód, next to Budapest. FoxPost, the operator of the largest parcel locker chain of Hungary, has leased an area of 8,400 sqm and already started the installation of its new parcel sorting machines. With this investment of €1.5 million, FoxPost’s daily parcel sorting capacity will be increased by nearly tenfold.


HelloParks, member of the Futureal Group has met the agreed deadline and handed over the first phase of the first warehouse in its industrial and logistics megapark in Maglód last week. The construction of the 46,000 sqm building began only five months ago, this March. FoxPost, the first major tenant of HelloParks has already moved into the warehouse. The parcel logistics company operating more than 240 parcel locker machines nationwide is installing its parcel sorting machines in the leased 8,400 sqm facility. The special feature of the building that it could be the first Hungarian industrial facility to qualify for BREEAM New Construction Excellent sustainability certification in Hungary.

“The new warehouse is an important milestone for FoxPost: our new facility is the third-largest central warehouse building among the domestic market players, which will serve our entire national network, which will consist of over a thousand parcel locker machines by 2024. The move was necessary due to the dynamic growth in our turnover, as we are planning to grow by more than 40 percent this year compared to last year's record. In the new warehouse, we will switch to a fully automated parcel sorting system with an investment of €1.5 million. With the new system we increase our daily capacity by nearly ten times, which means we can manage up to 100,000 packages a day,” said Ádám Bengyel, CEO of FoxPost.

“We are pleased our first tenant is an innovative, environmentally conscious, fast-growing company like FoxPost. We are also experiencing very strong interest from other potential tenants, we are in advanced negotiations for all our vacancies and our next tenant will be moving in soon. At the same time we have already started the planning and authorization processes of the next buildings so that we can meet the needs of our existing and future client’s needs as quickly as possible,” said Rudolf Nemes, CEO of HelloParks.

HelloParks is developing a total of 193,000 sqm of warehouse, light industrial and office space on the plot along the ring road M0, near the M4 and M5 motorways and the Budapest Airport. The investment value of the first phase’s 46,000 sqm facility exceeds €40 million.

HelloParks is also developing in other important locations in the vicinity of Budapest: the company is building one of the largest (76 hectares) industrial and logistical centres of the country in Fót, where a total of 330,000 sqm of storage and industrial space is available. At Páty, on a 100 hectares plot, HelloParks will create a modern warehouse and production area in several phases with a gross leasable area of 400,000 sqm.




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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