27Apr2023

New City Logistics Hall to Be Handed Over in Budapest

A new urban logistics real estate development project is under construction in Budapest. The Faedra22 Park, a light industrial and logistics building of more than 14,500 sqm, offers high-quality technical solutions, flexible partitioning, and the possibility to meet individual needs, according to a press release sent to the Budapest Business Journal.

The Faedra22 Park logistics hall will be delivered in the first quarter of 2023, as an investment by Faedra Group, a Hungarian-owned real estate development group. The logistics center will be located in District XXII, at the junction of the M0-M6 and six main roads, less than 15 km from the city center, and easily accessible by public transport, both bus, and train.

Thanks to its proximity to the city center, the building is also ideal for last-mile logistics operations, the press release says.

The construction of the new, "A" class warehouse and office building started in the spring of 2022. In addition to warehousing space, there is also the possibility to rent high-quality offices. The building is expected to be completed in early 2023, the pre-leasing has already started.

With tenant-specific technical and expansion requirements in mind, the industrial building can accommodate light industrial and logistics operations in a modern environment, offering accessible industrial and office space for a variety of segments. The building offers units from 1,900 sqm with associated office space.

"We have been monitoring market developments throughout the investment in the industrial park and we believe that our flexible solutions will generate strong interest. The lease negotiations have already started, in which 108 Agency is our partner," added Bence Boronkay, managing director of Faedra Group.

In the spirit of sustainability, the installation of systems supporting green solutions (solar panels, electric chargers, smart metering) is also being prepared, but during the construction phase, there is also the possibility to adapt this to the needs of future tenants.

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