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Industrial investment property performance set to improve
Tuesday 14:47, March 23rd, 2010
With the return of economic growth across most of Europe, industrial occupier markets will stage a modest recovery this year. Investment markets should also deliver improved performance, despite the fragility of occupier markets.

Signs of revival showing in industrial property market

12:43, Jul 19 | Budapest’s industrial real estate market saw take-up activity reaching 54,540 square meters (sqm) in Q2 2010, a 50% increase compared to the previous quarter, the Budapest Research Forum (BRF) said in its latest report.

ProLogis extends leases in Hungary

13:15, Jul 14 | Logistics property developer ProLogis announced that it has signed lease extensions totaling 13,300 square meters of modern warehouse space at ProLogis distribution parks located in the Budapest area.

ProLogis signs lease agreements

08:05, May 11 | Storage services provider ProLogis announced the extension of two lease agreements totaling approximately 14,700 square meters of modern warehouse space in Hungary.

Debrecen industrial park to be expanded

16:30, Apr 1 | The Határ Úti industrial park in Debrecen (E Hungary) will be expanded to 80 hectares from its current size of 60 hectares, the CEO István Herdon of the XANGA Group, the company that operates the park, said.

New industrial park to be built in Kaposvár

17:31, Mar 30 | The local council of Kaposvár will build a new industrial park for HUF 177 million (€665,045), Kaposvár mayor Károly Szita said.

Central Europe boosts industrial real estate market

09:21, Mar 8 | Central Europe continues to play a significant role on the industrial real estate map, and despite the rebalancing of the global economy, the market saw a number of major transactions, property consultant Cushman & Wakefield said in a press release.

Self storage facility opened in Budapest

13:34, Mar 4 | Euro Mini Storage, a facility built especially for easy access self storage purposes, has officially opened on Thursday in Budapest. The company plans to open four other facilities in the city in three years' time, with an investment of €25 million.

New lessees in Airport City

13:32, Mar 1 | Two new leasing contracts were signed in Airport City logistics park: JAS Cargoways moved its central office in to building C, while Ceval Logistics occupied building D as the first lessee. The second stage of the park’s development is generating a good turnout, having advanced discussions with several potential lessees.

2010 could be the year of stabilization at the industrial market

09:15, Feb 18 | The Hungarian office of Colliers International has recently issued its updated market analysis for the industrial market.

Goodman Group starts phase two of Budapest logistics center

17:43, Feb 15 | Australian property developer Goodman Group told MTI it has started the second, HUF 2.5 billion phase of construction at the Üllő Airport Logistics Centre on the outskirts of Budapest.

Four new industrial parks to be built in eastern Hungary

12:31, Jan 6 | Four new industrial parks will be built in Szabolcs-Szatmár-Bereg county for an aggregate HUF 7 billion (€26.06 million), MTI learned from relevant companies and local councils on Wednesday.

Regional waste management centre inaugurated in Győr

07:57, Dec 8 | The waste management centre completed as part of a HUF 9.5 billion regional development project was inaugurated in Győr on Monday.

Auchan leases new storage space

13:58, Nov 2 | After a long preparation period and tendering retailer Auchan Hungary has decided to extend its logistics business activity in the immediate neighborhood of its present, Üllő operation location; in Viktória Park Logistics Center, a project that has recently been completed, the leasing agent Colliers International said in a press release.

Alcufer inaugurates new shredder plant

14:20, Oct 9 | Family-owned Hungarian waste management company Alcufer on Friday inaugurated a HUF 2.2 billion shredder plant in Fehérvárcsurgó.

Automotive company expanding Hungarian operation

13:51, Oct 9 | One of the world’s largest automotive, electronics and acoustics equipment maker, Harman International is expanding its Hungarian operation in Székesfehérvár. The company invests HUF 3.7 billion in building a new plant and creating 260 jobs.

Prologis appoints co-exclusive agents in Hungary

12:40, Sep 17 | ProLogis, a leading global provider of distribution facilities, announced on Thursday that it has signed co-exclusive agreements with CB Richard Ellis and Cushman & Wakefield to act as leasing agents on behalf of ProLogis, in Hungary.
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Poli-Farbe inaugurates first phase of logistics base

10:07, Sep 16 | Hungarian-owned paint company Poli-Farbe Vegyipari on Tuesday inaugurated the first phase of a HUF 270 million logistics base in Bócsa (SE Hungary), managing director Antal Szabó told MTI on Tuesday.

INNONET to build car industry tech center

07:43, Sep 15 | INNONET Innovation and Technology Centre, in the Győr Industrial Park, is expanding with a HUF 500 million automotive industry technology centre called TECHNONET, INNONET Nonprofit managing director László Budavári told MTI.