HelloParks has signed an agreement to sell its FT1 logistics warehouse in the Fót (Budapest North) megapark to an international investor.
The building operates at full occupancy with a stable tenant base, while the agreement signals the return of international investors to the Hungarian market as country risk continues to decline, according to market experts.
The 46,000 sqm warehouse is fully leased, with a weighted average unexpired lease term of four years. Tenants include Chinese automotive manufacturer BYD and Korean firm HTNS. The building complies with the EU Taxonomy framework for sustainable investments and has achieved a Breeam New Construction Excellent rating.
"Over recent weeks, international capital has started to turn its attention back towards Hungary, while Hungarian assets remain underweighted in investor portfolios compared to regional markets. Risk premiums and government bond yields have fallen significantly. This transaction is one of the first tangible signs of that shift," said Gábor Futó, Founder of HelloParks and the Futureal Group.
Demand for the Fót megapark is reflected in the fact that all four completed warehouse buildings, totalling 160,000 sqm, have been fully leased. A representative of the purchaser said that, in addition to the asset's location, sustainability credentials and tenant composition, HelloParks' operational platform and development expertise were factors in the investment decision. The purchaser was advised by Baker McKenzie Hungary on legal due diligence and by Teknik on technical due diligence.
"The repricing of Hungarian assets is no longer an expectation but a market reality. The gradual return of EU funding and the expected interest-rate cutting cycle could provide further momentum. In the prime industrial segment, this may bring Hungary closer to Warsaw and Prague benchmark levels over the medium term," added Olivér Treiber, CIO at HelloParks.
