Hungarian developer Faedra Group has kicked off the construction of two industrial and logistics warehouses in Budapest, covering a total of more than 21,000 sqm, following an investment of more than €23 million. 

Hungarian property investor Faedra Group has successfully raised €17 million, with the proceeds set to finance the group's new local logistics-industrial developments in the coming years.

Faedra Group, acting as developer and general contractor, has successfully sold its new, fully leased greenfield logistics development Faedra22 in Budapest. Throughout the marketing process, a German capital source was selected as the ideal buyer, Colliers reports. Selling Faedra 22 logistics park marks the first sizeable transaction by a foreign buyer in Hungary in 2024 so far.

Hungarian-owned real estate developer Faedra Group has opened its business and industrial park in the Southern part of the capital. The Faedra22 Park, an urban “last-mile” logistics and office facility is fully leased.

The new last-mile facility, Faedra22 Park will offer 14,500 sqm of flexible light industrial and logistics space with technical solutions to meet tenant-specific needs.