IAD Investments, the oldest independent Slovak asset management company, has acquired the Dunaharaszti industrial park next to Budapest. The acquisition of the logistics complex was made on behalf of its Prvý realitný fond, a mutual fund investing throughout Central Europe. This is the first fund acquisition made in Hungary and it means the successful entrance to the Hungarian real estate market.
The 27,000 sqm South Base logistics park is a combination of city logistic and big-box warehouses. The industrial park is located app. 15 km from Budapest’s city centre and provides easy access to Budapest ring road. The whole logistic area with warehouses was completed in 2009 by Austrian developer - Innovation Park Development GmbH (IPD).
All units in logistics park are currently fully leased. The tenant mix is balanced between Hungarian subsidiaries of dominant international companies and Hungarian small and medium-sized enterprises.
“This transaction represents the entry of Prvý realitný fond into the Hungary logistic market and it is part of our strategy to become an active investor in all CEE markets with creating the fund’s investment platforms for investors with a geographical focus on CEE countries,” Vladimír Bolek, Member of the Board at IAD announced on LinkedIn.
