News Article Budapest Hungary industrial lease logistics Panattoni
by Property Forum | Industrial

Panattoni has signed a new lease contract for the Panattoni City Dock Törökbálint complex, which opened in May. Food wholesaler and distributor Bidfood will lease two-thirds of Building A.

From the end of the summer, Bidfood Hungary Kft. will be located in building "A" of the newly opened 17,300 sqm logistics complex of Panattoni. The company has been serving Hungarian restaurant and hotel chains with a wide range of food products since 2021 and is a part of the Bidcorp group, the second-largest food distributor outside the USA.

"Panattoni's warehouse building is the ideal choice for our needs, not only because of its strategic location but also because of the storage services it offers, which is why we signed a long-term lease with Panattoni. As a food industry player, it is essential to maintain the quality and freshness of our products through proper, high quality and cost-effective storage," said Jakub Smid, Executive Director of Bidfood Hungary.

"We are honoured that Panattoni's domestic portfolio is strengthened by subsidiaries of companies that are well known throughout Europe. We are confident that our flexible approach and the high quality of the Törökbálint facility will contribute to tenant satisfaction," added Mariann Tóth, Leasing Director of Panattoni Hungary.