The total industrial real estate investment sales in Hungary increased nearly fivefold in 2015 over the previous year and amounted to EUR 142 million, the highest figure since 2007. According to the forecast of the real estate consultancy CBRE further growth is to be expected this year, investment flows already exceeded € 100 million in the first half of the year.
Since last January ten of the fifty existing logistics parks of the Budapest agglomeration’s logistics market changed hands. The aggregate leasable area of these properties amounts to 352,000, which is nineteen percent of the total 1.9 million square meters portfolio.
Eight of the mentioned ten properties were bought for yield-based investment purposes while two were bought by end-users, the aggregate area of which is 59,000 - both transactions were realized in collaboration with CBRE.
A major Chinese player of the global LED-lighting market producing double digit-growth annually, one of the oldest companies, listed on the Shanghai Stock Exchange, the Shanghai Feilo Acoustics’ European subsidiary, Inesa Europe, opens its European distribution center in Hungary, after having purchased the 16,600-square-meter logistics center at Dunakeszi. The development of the Hungarian center, which according to the plans of the customer in the future will also be engaged in production supports the company in becoming the world's dominant LED-lighting producer by 2020.During the transaction CBRE’S team in charge of industrial properties presented the real estate to the buyer and represented the seller.