Panattoni, Europe’s largest deployer of institutional capital and developer in the industrial and logistics real estate sector, has started the first speculative logistics project in Hungary. This is a 17,300 square meters last-mile logistics warehouse in Törökbálint with excellent transport links to the M0 ring road and the M1/M7 motorways. The Panattoni Park Budapest City West project comprises of four modern logistics facilities with areas of 3,350-5,550 square meters.
The opening of Panattoni Park Budapest City West follows the company’s market debut in Hungary at the end of 2021 with the acquisition of two 100,000 square meters sites near Budapest.
Panattoni is one of the world’s largest developers of industrial real estate with 45 offices in North America and Europe. The company’s European headquarters are in Poland, with offices in Germany, the UK, Czech Republic, Slovakia, the Netherlands, Spain, Portugal, France, Sweden and Italy. Since its inception, Panattoni has developed more than 14 million square meters of modern industrial space across Europe. Panattoni specializes in developing bespoke projects. The company’s customers include Amazon, DB Schenker, DHL, Fedex, DPD, XPO, Coca Cola, Weber, Whirlpool, Bosch, Volkswagen and H&M.