HelloParks has agreed the sale of its FT1 logistics warehouse at the Fot megapark, in Budapest's northern agglomeration, to an international investor, with the transaction completed on 20 May 2026. The deal lands at a moment many in the market have been waiting for: tangible proof that international capital is once again willing to back Hungarian real estate, after a prolonged period in which the country's assets sat underweighted in investor portfolios relative to regional peers.
The 46,000 m² FT1 building is fully leased, with a weighted average unexpired lease term of four years, anchored by international occupiers including Chinese automotive manufacturer BYD and Korean logistics group HTNS. The asset meets the EU Taxonomy framework for sustainable investment and holds a BREEAM New Construction Excellent rating, credentials that buyers increasingly treat as a proxy for lower operating risk and stronger long-term value retention.
"Over recent weeks, international capital has clearly started to turn its attention back towards Hungary, while Hungarian assets remain underweighted in investor portfolios compared to regional markets. Risk premiums and government bond yields have fallen significantly, materially improving the country's investment profile. This points towards substantial liquidity growth and yield compression across the industrial and logistics real estate sector. This transaction is one of the first tangible signs of that shift," said Gabor Futo, founder of HelloParks and the Futureal Group.
The sale also underlines the depth of demand within the wider Fot megapark, where all four completed warehouses, totalling 160,000 m², are fully let. For the buyer, the location's sustainability credentials and tenant quality were only part of the appeal; HelloParks' operational platform and its track record of adapting buildings to tenants' evolving needs were cited as decisive factors in the investment decision. Baker McKenzie Hungary advised on legal due diligence, with Teknik handling technical due diligence.
"The repricing of Hungarian assets is no longer an expectation but a market reality. Bond, FX and CDS markets have already started pricing in the decline in country risk over the past few weeks. The gradual return of EU funding and the expected interest-rate cutting cycle could provide further momentum to this process. In the prime industrial segment, this may result in progressive yield compression, bringing Hungary closer to Warsaw and Prague benchmark levels over the medium term," added Oliver Treiber, Chief Investment Officer at HelloParks.
For investors scanning the deal for more than a one-off transaction, FT1's tenant roster offers its own signal. BYD's presence reflects Hungary's fast-emerging role as a manufacturing and supply chain base for the European EV and battery sector, a structural source of occupier demand that is likely to outlast any single rate cycle, and one that developers positioning new industrial product in the Budapest agglomeration would do well to track closely. HelloParks, part of the Futureal Group, has now developed more than 1m m² of warehouse and industrial space across 200 hectares in four locations around Budapest, with a total development value approaching €600m.
People mentioned:
- Gabor Futo – Founder, HelloParks and Futureal Group
- Oliver Treiber – Chief Investment Officer, HelloParks
Companies mentioned:
- HelloParks – Seller
- Futureal Group – Parent company of HelloParks
- BYD – Tenant at FT1
- HTNS – Tenant at FT1
- Baker McKenzie Hungary – Legal due diligence advisor to the buyer
- Teknik – Technical due diligence advisor to the buyer
