by Property Forum | Industrial

The first column has been placed of the first 45,000 sqm warehouse in Fót, which is an important milestone in launching one of Hungary’s largest industrial and logistic developments by HelloParks, a member of Futureal Group, after the first tenants started to move into another megapark of the company in Maglód. For this energy-efficient, BREEAM sustainability standard-compliant facility that is developed as a part of a greenfield investment close to the Hungarian capital, the composition of the tenants is already outlined: negotiations are at an advanced stage, mainly with e-commerce, parcel logistics and courier businesses, as well as logistics companies serving a single manufacturing company.


Located in the vicinity of Budapest, next to the junction of the M0 ring road and the M3 motorway, the work has begun on the 76-ha site in Fót to build one of the largest industrial and logistics centres in the country. In the first phase, HelloParks, a member of Europe’s leading real estate development and investment group Futureal, will build a 45,000 sqm warehouse with an investment value of close to €50 million. The first phase is expected to be handed over in Q1 2022 by constructor company Goldbeck Hungaria.

With the 76-ha plot, where a total of 330,000 sqm of warehouse and industrial space can be developed, HelloParks Fót is targeting logistics service providers, light industry manufacturers, assembly companies as well as tenants with special requirements. Due to the immediacy of Budapest, the park is also ideal for service providers performing urban distribution, but the industrial and logistics property developer also offers commercial industrial lands for sale with utilities and road connections, available from 1 ha.

HelloParks is already conducting advanced negotiations with several companies, mainly with e-commerce, parcel logistics and courier companies, as well as logistics companies serving a single manufacturing company for the first phase of HelloParks Fót, while a webshop company has already signed the rental contract.

HelloParks has recently announced another two large developments close to the capital of Hungary, a 100-ha industrial and logistics centre in Páty and a similar development on a 46-ha plot in Maglód where the first big tenant has already moved in. All of the three highly competitive, efficient and sustainable megapark developments that have been launched in just over a year by HelloParks have been driven by the company’s aim to become a key player in the industry, as the first step in Hungary, later on in the whole CEE market, and contribute to the improvement of Hungary's position in the international logistics market.

„In order to improve Hungary's competitiveness, the construction industry must also change. Logistics companies typically like to move into facilities within a year, which cannot be properly implemented in such a short time unless the area has already been set. This trend is again something that HelloParks developments can respond to. Keeping the deadline, we recently handed over a 46,000 sqm warehouse building as the first phase of the Maglod industrial and logistics megapark, where the first tenant has already moved in just five months after construction started. We are experiencing strong interest from prospective tenants, we are in advanced negotiations for all our free space, and in Maglód, our next tenant will move in soon. Parallel with the lease, we have already started planning and permitting the next phases so that we can serve existing and future needs as quickly as possible,” said Rudolf Nemes, CEO of HelloParks.

"The primary need of logistics operators to meet a sufficiently fast and secure execution lead time can only be met by a well-thought-out and clear concept. We would like to support HelloParks in realising this business model, using our entire Central European human and equipment infrastructure," said Pavol Čarný, Managing Director of Goldbeck Hungaria.