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Helloparks places 1st column of 45,000 sqm Fót warehouse

Logistics

The first column of the first warehouse of HelloPark's Fót industrial and logistics center has been placed, according to a press release sent to the Budapest Business Journal.

Located in the vicinity of Budapest, next to the junction of M0 ringroad and M3 motorway, the work has begun on the 76-ha site in Fót to build one of the largest industrial and logistics centers in the country. In the first phase, HelloParks will build a 45,000 sqm warehouse with an investment value of close to EUR 50 million. The first phase is expected to be handed over in Q1 2022 by constructor company Goldbeck Hungaria.

With the 76-ha plot, where a total of 330,000 sqm of warehouse and industrial space can be developed, HelloParks Fót is targeting logistics service providers, light industry manufacturers, assembly companies as well as tenants with special requirements. Due to the immediacy of Budapest, the park is also ideal for service providers performing urban distribution, but the industrial and logistics property developer also offers commercial industrial lands for sale with utilities and road connections, available from 1 ha.

HelloParks, a member of the Futureal Group, is already conducting advanced negotiations with several companies, mainly with e-commerce, parcel logistics, and courier companies, as well as logistics companies serving a single manufacturing company for the first phase of HelloParks Fót, while a webshop company has already signed the rental contract.

HelloParks has recently announced another two large developments close to the capital of Hungary, a 100-ha industrial and logistics center in Páty and a similar development on a 46-ha plot in Maglód where the first big tenant has already moved in. 

"In order to improve Hungary's competitiveness, the construction industry must also change. Logistics companies typically like to move into facilities within a year, which is cannot be properly implemented in such a short time unless the area has already been set. This trend is again something that HelloParks developments can respond to. Keeping the deadline, we recently handed over a 46,000 sq m warehouse building as the first phase of the Maglod industrial and logistics megapark, where the first tenant has already moved in just five months after construction started," said Rudolf Nemes, CEO of HelloParks.

"We are experiencing strong interest from prospective tenants, we are in advanced negotiations for all our free space, and in Maglód, our next tenant will move in soon. Parallel with the lease, we have already started planning and permitting the next phases so that we can serve existing and future needs as quickly as possible," he added.

Pavol Čarný, managing director of Goldbeck Hungaria, noted, "The primary need of logistics operators to meet a sufficiently fast and secure execution lead time can only be met by a well-thought-out and clear concept. We would like to support HelloParks in realizing this business model, using our entire Central European human and equipment infrastructure."

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