Gestor Befektetési Zrt. has sold the SZERÉMI Business Park in Budapest in an off-market transaction – one of District 11’s flagship urban logistics and mixed-use (office and warehouse) developments.
The SZERÉMI Business Park is a modern, mixed-use property (offices and warehouses) located on Szerémi Road in a strategically advantageous location. It offers excellent road and public transport connections to the city centre, the M1/M7 motorways, and the Buda ring road. The nearly 20,000 square meter site serves urban logistics, service, and office purposes, complemented by extensive parking capacity and courtyard space.
The value of the project lies in its flexible design optimised for urban logistics, along with its stable and diversified tenant portfolio. Major tenants include the LIBRI Group, Econ Engineering, and UNIX Auto.
Gestor acquired the property in 2019 from a foreign seller, prior to the Covid period, when market perceptions of warehouse and logistics real estate were significantly different from today. Over recent years, the company has implemented a comprehensive value-add strategy, resulting in the SZERÉMI Business Park now operating as a stable, yield-generating asset.
This recent sale aligns closely with Gestor’s strategic objectives: the company is reinvesting capital freed up from mature, stabilised assets into new projects with development potential – primarily in Portugal and Spain, where it is currently most active.
András Gerő, Managing Partner at Gestor Befektetési Zrt., commented: “The SZERÉMI project is a prime example of how a well-located property with development potential can be transformed into a marketable, mature asset. This exit is the result of several years of work and marks another step in the targeted renewal of our portfolio.”
In Q1 2025, Gestor also strengthened its presence on the domestic market by opening a new Tesco store in Újlipótváros, at the corner of Radnóti Miklós Street and Pozsonyi Road – further demonstrating its active role in the commercial real estate sector.
