Panattoni Hungary is implementing its fifth investment in Hungary near the Austrian-Hungarian-Slovakian tri-border area. The industrial real estate developer is building two halls in the Panattoni Park Moson logistics park at a cost of approximately HUF 10 billion (EUR 26 million). The halls will be used by Fiege Szállítmányozási és Logisztikai Kft. (Fiege Transport and Logistics Ltd.).
The German-owned Fiege Kft. has signed a contract with the industrial real estate developer to lease 51,000 square meters. The projects will be implemented in the Recorde Panattoni RPM Real Estate Funds, which are managed by Recorde Alapkezelő Zrt., a real estate fund management subsidiary of the Concorde Group, Panattoni Hungary has announced.
The real estate developer told MTI that
the vacancy rate in the domestic industrial real estate market is currently around 13 percent, which is high compared to previous years.
The wave of development that began in 2021-22 amid low vacancy rates was adversely affected by the war, the energy crisis, and the decline in demand, while the reorganization of supply chains was unable to significantly offset this impact.
They added that
demand has already started to pick up in Western Europe, and it is expected to happen in Hungary in the second half of 2026 and the first half of 2027.
Build-to-suit (BTS) developments based on longer-term leases remain popular, ensuring that the property is tailored to the specific needs of the tenant, the company said.
Panattoni is one of the world’s largest privately owned industrial real estate developers, with 70 offices in North America, India, and Europe. Its global portfolio includes more than 60 million square meters of completed space for over 2,500 customers.
Panattoni Hungary was established in 2021 and has completed four developments in the past four and a half years, all of which are 100% leased, with a combined size of over 130,000 square meters. In the coming years, in line with economic conditions and demand, the company plans to launch several BTS and speculative developments.
Related article
Germany’s Kärcher Expands with New Service Center
As an expert in cleaning technology, the company focuses on the industrial cleaning equipment and robot market.Continue reading
Via MTI, Featured image: Pixabay
The post Panattoni Invests Millions of Euros in Mega Logistics Hubs appeared first on Hungary Today.
Source link
