Budapests first city logistics center, South-Pest Business Park, to be expanded (HU)
Tuesday 26 August 2008
Following the successful completion and handover of the South-Pest Business Park, the developer WING Zrt. will construct an additional 23,000-m² warehouse and office center on the neighbouring, almost 4.3-hectare site purchased in spring 2008, under the name of South-Pest Business Park II.
Together, South-Pest Business Parks I and II will comprise a total of 50,000 m² of warehousing and office space. In the first phase of the new development a 4,300-m² warehouse hall and a 4,000-m² office building are scheduled for completion in the first half of 2009.
Owing to its central location and modern, high-quality buildings, demand for space in the business park is high, both among local and foreign companies. Almost 60% of the new units were already let while plans were still on the drawing board. In the second quarter of 2009 one of the world's largest oilseed processing companies, Bunge Zrt, will move into the park. This major corporation has rented out a 1,000-m² office facility, which will house its European research and development centre. Prior to this, at the beginning of 2009 Édes Világ Kft, a distributor of confectionary products, is expected to move into its newly built 1,300-m² warehouse and office premises, while Pannon Ventil Kft, a leading wholesaler of building engineering systems in Hungary, will also take occupancy of its 900-m² storage and office facility.
WING is also involved in advanced negotiations with other prospective tenants of both the office building and the warehouse facility, as a result of which the remaining unoccupied units are expected to be let by the end of the year.
The South-Pest Business Park offers attractive conditions to its prospective tenants. The existing public transport network, as well as the Park's proximity to the M5 and M0 motorways, ensure easy and rapid access to the site. The layout of the rented space can be flexibly configured, and office buildings are being constructed to suit the needs of tenants, while the planned landscaped park areas will ensure a pleasant working environment. Reassurance that the construction and subsequent operation of the facilities will be performed to the highest professional standards is provided by the buildings already completed in the first phase, which boast full occupancy.
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Hungary