First HelloParks Industrial Halls Fully Occupied

The Maglód and Fót developments in the Greater Budapest area, which opened earlier this year, are the first industrial buildings in Hungary to achieve Breeam “Excellent” certification in the New Construction category.

A HelloParks megapark in Páty (20 km west of central Budapest) is also being developed. The company, established almost two years ago, plans to deliver two further projects this year. As a result, the total gross leasable area offered by the HelloParks portfolio will increase to 160,000 sqm by the end of the year, representing a total investment of EUR 190 million.

In January, the first 46,000 sqm building of HelloParks Maglód (MG1) received its occupancy permit, followed by the handover of the first 46,000 sqm phase of HelloParks Fót (FT1) in June. This latter hall reached maximum occupancy less than two months after its handover.

The facilities are operated by a sustainable, smart building management system and Internet of Things technology solutions. The first building at the Maglód megapark has been occupied by FoxPost, Bútor1, Quehenberger, Karzol-Trans, and Esdwork, while the tenants at Fót include HTNS, Expert, K&V, and Seojin Auto Hungary.

The new halls have achieved very high sustainability standards in terms of technology, ergonomic design, environmental impact, and energy management, as well as operation and management of the entire development process, according to HelloParks.

The buildings provide smart ready lights in common areas, expandable solar panels on the rooftops, electric car chargers in the parking lots, and energy-efficient mechanical systems in the buildings.

Tenant App

Tenants can manage their energy consumption via the HelloParks mobile app. This means they can monitor their utility consumption and adjust heating, ventilation, and lighting settings from anywhere. They can also create time schedules and check whether all lights are turned off.

“There is still a strong market demand for environmentally friendly, energy-efficient and smart industrial and warehouse centers, which is confirmed by the significant demand for HelloParks Maglód and HelloParks Fót,” says Rudolf Nemes, CEO of HelloParks.

“Our projects are being developed at full capacity; that enables our megaparks to meet a wider range of needs and requirements. The upcoming phases, which will be handed over this year, are also going to be ground-breaking in the industry,” he adds.

Preparations are underway for the second 45,000 sqm hall (MG3) at Maglód, and it is expected to be ready for occupation in the last quarter of 2022. With the new facility, HelloParks is already aiming to achieve an “Outstanding” Breeam New Construction rating, which is achieved by less than 3% of buildings worldwide.

Construction work on the next 26,000 sqm hall at Fót (FT6), also aiming for that “Outstanding” certification, started in April on the 76-hectare site. The building reached structural completion at the beginning of July, and the first tenants will be able to move in at the end of the year.

At the same time, the final phase of earthworks, soil stabilization, and bedding preparation is currently underway at the first HelloParks Páty building; structural works will start soon. The initial hall on the more than 100 hectares of land will be 58,000 sqm. It is the beginning of what will eventually be 400,000 sqm of total gross leasable area.

Across HelloParks’ three current locations, it is working on the development of more than 900,000 sqm of warehouse and industrial space on a total of 222 hectares. The combined investment value of the ongoing projects is close to EUR 200 mln.

This article was first published in the Budapest Business Journal print issue of September 23, 2022.