The new Hungarian industrial property developer HelloParks is aiming to shake up Budapest's sleepy market by quickly launching a series of large new projects on each side of the capital. Development preparations are already underway on two of them.
Its first acquisition was of a 76 ha greenfield plot in northern Budapest in Fot, by the junction of the M0 and M3 motorways. HelloParks director Rudolf Nemes says the company will be building a 45,000 sqm warehouse for the project's first phase that's due to be handed over by Q3 2021. The area north of the . . .
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