Panattoni invests in Hungary
After setting up an office in Hungary only six months ago, real estate developer Panattoni has already put two projects in the country in motion.
On the plot purchased in Herceghalom, 30 km from the centre of Budapest, Panattoni Park Budapest West will be built with a total space of approx. 75,000 sqm. The developer has also acquired land for City Logistics Budapest I in Törökbálint, halfway between Herceghalom and the Hungarian capital.
Combined, the two projects will encompass an area of up to 100,000 sqm. Construction of the first building – spanning 28,000 sqm – will start within the next few months and will be completed by the end of 2022. (sh)