HelloParks prepares for next phase of large project near Budapest

HelloParks, a member of Futureal Group, has already handed over its first 46,000 sqm warehouse in Maglód which is operating with more than 80 percent occupancy. Preparations for the next 45,000 sqm phase (MG3) have begun. The new building is planned to be handed over in Q4 2022.

In January, shortly after receiving the Excellent certificate for the Design Stage in BREEAM’s New Construction category, HelloParks began preparations for the Post Construction certification. With this, HelloParks became the first industrial and logistics real estate developer in Hungary to build its facility according to the most complex sustainability and environmental criteria right from the design phase.

The first 46,000 sqm warehouse was built by Market Építő Zrt. A total of 250 people worked on the construction of the building and the connecting road and utility system: about 47,000 cubic meters of earth was excavated, 12,500 cubic meters of concrete and 375 tons of rebar were installed, and 27,500 sqm of paving was completed.

The new building will also be built by Market Építő Zrt. New features compared to the first facility are the increased storage height with 11.7 meters and minimum leasable unit of 3,500 sqm, the comprehensive physical accessibility of the building and the re-use of rainwater. The investment value of the new phase is close to €50 million like it was at the first phase.

HelloParks Maglód is located in the fastest-growing industrial zone of the eastern agglomeration of Budapest. The 46-hectare area where the company plans to develop more than 200,000 sqm of warehouse, light industrial and office space is located along with the ring road M0, near the M4 and M5 motorways and the Budapest Airport.

The mega-park in Maglód is targeting logistics and urban distribution service providers, light industry manufacturers, assembly companies, but it can also serve tenants with special requirements.