News Article Budapest development Futureal HelloParks Hungary industrial investment logistics
by Property Forum | Industrial

HelloParks, Futureal Group’s recently established industrial and logistics property development and investment company, has acquired its first development plot in Fót, next to the junction of motorways M0 and M3. The 76 ha greenfield investment will house energy-efficient buildings that meet the BREEAM sustainability standard, with the first facility to be completed next year.

As part of the first phase of the HelloParks Fót project, a warehouse building of more than 45,000 square meters will be handed over by Q3 2021. The plot has the possibility to create a total of 330,000 square meters of warehouse and industrial space. The developer is targeting logistics service providers, light industry manufacturers and assembly companies as potential tenants, in addition to city distribution service providers. The minimum leasable area for the first building is 3,200 square meters, and in the next phase, rental properties of up to 1,000 square meters will be offered, meaning smaller tenants will also be considered.

The common feature of the planned designed facilities, each with a floor area of ​​35-49 thousand square meters, is that they will meet the requirements of the BREEAM sustainability standard through smart solutions that ensure energy efficiency and environmentally friendly operation. Keeping in mind the needs of the tenants' employees, leisure and community services will also be available in the logistics park.

“The acquisition and development of the area hosting HelloParks Fót is the first step on the path to making HelloParks a key player in the dynamically growing industrial and logistics market. In Hungary, we want to start this with developments in the Budapest agglomeration and in rural big cities that act as logistics hubs. We are also planning serious activities in the Central and Eastern European region, building on the Futureal Group's existing presence in foreign markets,” said Rudolf Nemes, CEO of HelloParks. "We are already experiencing intense interest from prospective tenants, so given the strong demand in the market and the scarcity of supply, we decided to start developing the first facility in Fót on a speculative basis."