Near the Austrian–Hungarian–Slovak triple border, real estate developer Panattoni Hungary is implementing its fifth project in Hungary, constructing two logistics halls in Panattoni Park Moson with a total investment of around HUF 10 billion (EUR 26 million). The facilities will be used by Fiege Logistics.
Fiege, the German logistics provider has signed a lease agreement with Panattoni Hungary for 51,000 square meters of warehouse space. The developments are being realized within the framework of the Recorde Panattoni RPM real estate funds, managed by Recorde Asset Management Ltd., a subsidiary of the Concorde Group.
Panattoni is one of the world’s largest privately owned industrial real estate developers. It is operating 70 offices across North America, India and Europe. Its global portfolio comprises more than 60 million square meters of completed space delivered to over 2,500 customers.
Founded in 2021, Panattoni Hungary has completed four projects over the past four and a half years. All of which are fully leased, with a combined floor area exceeding 130,000 square meters.
In 2024, Panattoni Hungary Kft. recorded net sales of HUF 20.779 billion (EUR 54.1 million) and a net profit of HUF 4.84 billion (EUR 12.6 million).