News Article Futureal HelloParks Hungary industrial
by Property Forum | Industrial

HelloParks, a subsidiary of Futureal Group announced a fourth major industrial development in the Budapest logistics market. This time the firm will start construction on the southern outskirts of the Hungarian capital. The new 60,000 sqm industrial property in Alsónémedi is the biggest industrial project in the firm's history and is scheduled to open in Q2 2024.

Grifton Property assisted in obtaining the 135,000 sqm plot. The developer wants to get Outstanding accreditation in the New Construction category of the BREEAM system upon opening.

Over the last two years, HelloParks launched similar projects in the western, northern and eastern vicinity of Budapest. With this new one, the development pipeline topped the 1 million sqm mark.