HelloParks, Futureal Group’s recently established industrial and logistics property development and investment company, has acquired its first development plot in Fót, next to the junction of motorways M0 and M3. The 76 ha greenfield investment will house energy-efficient buildings that meet the BREEAM sustainability standard, with the first facility to be completed next year.
Hungarian property investor and developer Wing is expanding its East Gate Business Park, located next to Budapest, with a new 9,200 sqm hall. The handover of the building, which is 30% pre-leased, will take place in the second half of 2021.
Market Építő Zrt. has completed the construction of a new parcel distribution centre in Budapest for DPD Hungária Kft. The facility has doubled the logistics company’s domestic sorting capacity.
Total demand on the Budapest industrial/logistics market amounted to 460,000 sqm in Q1-Q3 2020. The vacancy rate at the end of Q3 2020 stood at 2.3% following a 0.21 pps decline y-o-y. The Budapest Research Forum published its quarterly industrial/logistics market analysis
The sixth and last building of the Váci Greens office complex in Budapest, the 23,445 sqm Building “E”, has received the final occupancy permit. With this, Atenor’s flagship project in Budapest is completed.
Reuters reports that Magyar Telekom (Deutsche Telekom’s Hungarian unit), which moved into its newly constructed Budapest HQ in Q3 2018 and signed a 15-year lease agreement for 58,000 sqm, is considering subletting some of its office space.
Budapest’s office vacancy rate has increased to 8.1% in Q3 2020, representing an increase of 2.2 pps year-on-year. 106 lease agreements were concluded during the quarter and the number of signed transactions dropped by 25% compared to the same quarter of 2019, according to BRF’s latest figures.
Etele Plaza, developed by Futureal in Budapest’s Kelenföld area, has reportedly reached an occupancy rate over 75%. The shopping centre, planned to be completed by Q3 2021, will feature every Inditex brand available in Hungary, including a Zara fashion store featuring a brand new design concept.
Green Court Office, a 20,000 sqm office building located in District 13 of Budapest has reached structural completion last week. A few days earlier, Green Court Office was awarded an interim BREEAM Excellent certification. The building is scheduled to be completed at the end of 2021.
CTP is building Lenovo's first European plant in Üllő, Pest County, in ctPark Budapest East industrial park. As part of the investment worth more than €18 million, CTP is building Lenovo's first high-tech European plant on nearly 35,000 sqm, the delivery of which is scheduled for spring 2021.
M7 Real Estate has completed the letting of a 1,025 sqm retail unit at the newly refurbished Csillag Center in Budapest to Polish fashion brand, Sinsay, on behalf of M7 CEREF I.
Insurer Euroins Romania has leased 2,500 sqm in J8 Office Park, the project developed by Portland Trust in northern Bucharest. The office building with a total leasable area of 44,000 sqm will be delivered later this month.
The PYC-SPORT company, a producer and distributor of professional sports equipment, has decided to lease over 3,000 sqm of warehouse and office space in the Panattoni Park Business Center Łódź II. AXI IMMO was advising the tenant in the negotiation process.
New appointments
Silviana Petre Badea has been named Deputy Head of CEE Capital Markets at real estate consultancy JLL. At the same time, she will hold the role of Managing Director of JLL Romania.
Adrian Bojczuk has joined Tétris' Polish office to take on the newly created position – EMEA Investors and Landlords Client Development Director. He will work closely with the management and business development teams in each country, as well as with the JLL Investor team in EMEA.
Savills has strengthened its Office Agency in Poland with the appointment of Marcin Sabowicz and its Industrial Agency with Adam Włochyński.
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