Cushman & Wakefield (C&W) representing the landlord Sunarrow have successfully concluded a lease negotiation with a new entrant, US-based printing company Motivating Graphics, for 7,500-m² production and warehouse space plus 2,000 m² of office and social blocks on 5 ha of land in Komárom, Hungary.
The owner Sunarrow, a Japanese production company instructed C&W in 2010 with the exclusive marketing and leasing/sale of the building.
Emília Tarró, Associate, Head of Industrial at Cushman & Wakefield Budapest, commented: "This transaction shows that the industrial areas outside Budapest are currently undergoing an evolution especially in the western part of the country.
"With Nokia and in the near future the extended Audi plant in the close vicinity plus the closeness of the Austrian an Slovakian boarder we are expecting the area to develop even further in the coming years with hopefully more and more international companies moving their production plants or distribution centers in the surrounding area."
Rafi Adlersberg at Sunarrow added: "Successfully leasing the former standalone Sunarrow building is a big success achieved by C&W professionals. We are confident that the location and the facilities of the scheme will serve Motivating Graphics's real estate needs on the long term and the printing company will profit out of the good international road and railway connections of Komárom."
Chris Clark at Motivating Graphics added: "After a long searching process and deep analysis of Hungary and the region we put four countries on short list. We chose the subject Komárom location mostly because its good location that makes the distribution and business development easier in the surrounding countries."
The Sunarrow property has a logistically excellent location, 80 km from Budapest and 8 km from the motorway M1, along major route no. 1. The building is located in an industrial park, at the border of Slovakia and Hungary. The scheme is in the direct neighbourhood of the Nokia factory.
Source: Cushman & Wakefield