Construction starts of Airport City logistics park in Budapest (HU)

Construction work has begun at the Airport City logistics park in Budapest, Hungary. With its full built-up area of 65.600 m², including 47.500 m² of storage and 18.100 m² of office space, Airport City is ready to house its future tenants. The building to be completed in the first phase will be handed over in the first quarter of 2008 with 8.300 m² of storage and 2.000 m² of office area. The developer is Ablon Group. This is their first logistic project. The exclusive letting agent is DTZ.

Airport City logistics park.

The new logistics park is located close to the border of Budapest, at the administrative area of Vecsés; it is close to the junction of Airport clearway and Üllõi Road, 5 minutes from the new Airport of Ferihegy and M0 highway. The favorable location of the Airport City attracts logistics firms, domestic and international commercial companies. The eight-building complex will be completed in more phases.

Ablon Group is one of the leading real estate development businesses in Budapest and it has a well-established presence in Prague and Bucharest. Gateway Office Park, Business Center 30 offices and Buy-Way shopping park can be mentioned among Ablon's Hungarian references.

As leading industrial property adviser Domonkos Joó of DTZ says, "One of the most important features of Airport City logistics park is the excellent location that is of strategic importance for companies in close connection to the airport. Careful planning, high standard construction and flexible reaction to tenant's demands will all aid the park to be fully let."

Source: DTZ

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