News Article Hungary Industrial Panattoni warehouse
by Property Forum | Industrial

The Hungarian subsidiary of Panattoni Group has agreed to build a 32,000 sqm logistics centre for a large retail operator in a BTS project. The new facility will be built in the suburbs of Budapest and is scheduled to open in September 2025.

Panattoni will build 28,000 sqm of warehouse space and 4,000 office space. The project intends to get a BREEAM Very Good certification. The construction is due to begin shortly and the tenant can move in next November with the final grand opening in late 2025.

This is one of the year's biggest deals so far in the local industrial market. The new centre is the third BTS-type project developed by Panattoni in Hungary. The big retail chain tenant will serve its distribution network with state-of-the-art warehousing and a new-generation Pick-Tower displacing solutions.

The investor is OTP Real Estate Investment Fund which plans to conduct this project using funding sources from the Capital Program named after Gábor Baross.

„The new centre will support a 500 team in their logistics activity", says László Kemenes, Managing Director of Panattoni Hungary