The 46,000 sqm FT1 warehouse is fully leased, with a weighted average unexpired lease term of four years Tenants include international companies such as Chinese automotive manufacturer BYD and Korean firm HTNS.

The building complies with the EU Taxonomy framework for sustainable investments and has achieved a BREEAM New Construction Excellent rating, supporting lower operating risk and 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 Gábor Futó, founder of HelloParks and the Futureal Group.

Strong demand for the Fót (Budapest North, Hungary) megapark is reflected in the fact that all four completed warehouse buildings — totalling 160,000 sqm — have been fully leased. Full occupancy confirms that well-located, high-quality industrial developments in Budapest’s northern agglomeration continue to command strong demand, particularly when they can rapidly adapt to tenants’ operational requirements.

A representative of the purchaser commented that, in addition to the asset’s location, sustainability credentials and tenant composition, HelloParks’ professional operational platform and proven development expertise were important factors in the investment decision. HelloParks’ understanding of tenants’ operational requirements was particularly valued throughout the acquisition process.

The purchaser was advised by Baker McKenzie Hungary on legal due diligence and by Teknik on technical due diligence matters.

HelloParks aims to create operating environments that provide long-term competitive advantages for its partners through modern, energy-efficient and flexibly configurable industrial facilities combined with on-site expert support.

“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 Olivér Treiber, chief investment officer at HelloParks.

Read the full article on bbj.hu.