WING to expand Login Business Park with new hall
Real estate company WING announced expanding Login Business Park by adding a new stand-alone hall, with a floor space of 5,200 sqm.
The new development is expected to be completed during the summer of 2021.
The hall will offer 4,200 sqm of warehouse space and 1,000 sqm of modern office space. The building will be accessible through 13 industrial gates, suitable for serving both smaller vans and full-size lorries.
“WING has been present in the market of industrial real estate for over twenty years. It has collected unique professional know-how in the field of custom-made warehouse logistics and production/assembly hall solutions. It was in response to growing market demand that we launched construction of the new Login Business Park hall. WING’s industrial real estate activities are focused on the northern region of Budapest, where our industrial parks are located. Login Business Park is ready to meet a variety of demands, and the East Gate Business Park is the largest modern industrial development in the region,” says György Mucsi, WING’s deputy CEO for industrial and retail portfolio and developments.
Zsófia Korda, the company's director of sales for industrial real estate adds, "E-commerce has been seeing consistent growth for many years. In 2020, however, online retailer and purchase turnover witnessed growth surpassing even these trends. Increasing turnover in the Hungarian online retail sector generates new warehousing and logistics demands, resulting in a distinct spike in the industrial segment. This will define the market even more in 2021 than it has in the past. The categories of products available for purchase online continue to expand, and the share of e-commerce and traditional retail is clearly changing, offering significant growth potential. The decision to expand the Login Business Park is a response to these market trends. We have already leased the entire area of the new hall."
The park is located in North Pest by the M0 ring road, at the foot of the Megyeri Bridge. In addition to halls of various sizes, large and small alike, the park also offers category A offices, retail units, and showrooms. Currently, the park is home to one completed hall, with a floor space of 75,000 sqm. This includes a total of 54,000 sqm of warehouse and operational area, with an additional 21,000 sqm of office space and showrooms.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
