Hungarian developer Infogroup has announced its rebranding as Innovinia as of September 16, as part of its strategy to expand abroad.

Apart from the Northeastern part of Hungary, home of many developments of Infogroup, Southern counties also have huge industrial potential which should be materialised, says Ádám Székely, Managing Director of Infogroup. Property Forum asked him about the ways and risks of warehouse and logistics developments in the country.

Just a few months after the handover of the first 21,000 sqm speculative industrial and logistics hall of IGPark Kecskemét South, Infogroup started the construction of a new building. The new hall is scheduled to be handed over in q4 2024.

Industrial manufacturer giant JABIL expands its warehouse and production capacity in Hungary. The firm will get an extended production site at the regional city of Tiszaújváros in the Eastern part of the country. The large facility is being developed by the Hungarian company Infogroup.

Hungarian developer and investor Infogroup has bought a 50% share in the ibis Styles Budapest Citywest Hotel.

Hungarian developer Infogroup has completed the latest building in its Eastern Hungarian industrial complex in the Polgári Industrial Park, which it also operates.  The 4,500 sqm industrial/logistics hall is an extension to an existing 27,000 sqm project in the park.

Hungarian developer Infogroup has closed a successful bond issue as part of the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme. During the rating procedure, the group was assigned BB- and the bond was rated BB. The funds raised through the bond issue will be used to carry out industrial property projects.

Infogroup has commenced construction of a new logistics building in Polgár Industrial Park. The 4000 sqm speculative building is being developed in the company’s own industrial park. The customizable building will offer a solution to growing logistics and industrial needs, is expected to be ready in Q2 2021.

Balázs Czifra has joined Infogroup in September 2020. He will oversee the sales, asset management and business development activities of the company.

Hungarian developer Infogroup has acquired the 33 ha Heliport Industrial Park in Kecskemét. The property offers nearly 40,000 square meters of industrial and logistics space, making this the largest acquisition in the company’s history. The transaction was made with the co-investment of the Kecskemét Development Fund.