Futureal’s HelloParks continues its development in the western agglomeration of the Hungarian capital, next to the M1 motorway, in Páty. This is the largest project in the history of the company and will complement HelloParks Fót in the North and HelloParks Maglód in the East, next to the airport. The total pipeline of Futureal Group’s industrial and logistics property development company, HelloParks, has now reached 900,000 sqm of GLA around Budapest.
“HelloParks has reached another milestone by investing in the western agglomeration of Budapest, and so far this promises to be our largest development, both in terms of plot size and total facilities,” said Rudolf Nemes, CEO of HelloParks.
As a member of Futureal Group, HelloParks continues its development in one of the most developed industrial and commercial zones in the western agglomeration of Budapest, Páty. Located along the M1 motorway with direct connection and visibility, 6 km from the M0 ring road and 10 km from the M7 motorway, HelloParks Páty is easily accessible also from the downtown of Budapest. The 100 ha site will feature a modern warehouse and production space in a total of 400,000 sqm of GLA, which will be developed in several phases.
Preparations for the first phase have already begun. The first building will offer 55,000 sqm of modern warehouse space and is expected to be handed over in Q3 2022. The value of this investment exceeds €50 million.
HelloParks has recently announced the development of one of the largest industrial and logistics centres in the country on a 76 ha site in Fót and a similar development on a 46 ha plot in Maglód. 330,000 sqm of warehouse and industrial space can be set up in Fót and 193,000 sqm in Maglód.
The minimum rentable area for the so-called Big Box type halls will be 3,300 sqm, while the Flexi Box buildings with a more flexible rental scheme can offer rental properties up to 500, 1,000 or 2,000 sqm for smaller tenants. Like the mega parks in Fót and Maglód, facilities to be built in Páty will also meet the requirements of the BREEAM sustainability standard, thanks to smart solutions that ensure energy efficiency and environmentally friendly operation. Short-term offices, Hello Café and conference rooms with catering services and long-term A-category offices also will be available for the convenience of tenants.
