The state-of-the-art facility—featuring a range of bespoke technological solutions—marks Panattoni Hungary’s fourth successfully completed development and its second joint project with OTP Real Estate Investment Fund. The approximately 32,000-square-metre logistics center was delivered within a comprehensive development, leasing and investment framework, and is expected to enter full operational service in Q2 2026.

The new logistics warehouse was designed and executed entirely in line with the tenant’s operational and technological requirements. Reflecting the project’s high level of complexity, the development significantly exceeded the typical 9–12-month delivery timeframe of standard industrial schemes, yet was completed on schedule. Among the advanced features are a multi-level, semi-automated Pick-up Tower covering several thousand square metres, as well as cutting-edge logistics systems incorporating conveyor technology, Pick-by-Light and voice-picking solutions.

“We are particularly proud to have completed our fourth development on the fourth anniversary of Panattoni Hungary’s establishment. In both scale and technological sophistication, the Üllő project represents a milestone for our Hungarian operations, made possible by exemplary collaboration between the tenant, the investor and the general contractor,” said László Kemenes, Managing Director of Panattoni Hungary.
The project was delivered as an investment of the OTP Real Estate Investment Fund, with Goldbeck Hungária Kft. acting as general contractor. It stands as a strong example of Panattoni’s ability—as a key player in the Hungarian industrial and logistics property market—to fully coordinate and execute large-scale, multi-stakeholder build-to-suit developments on time and to specification.

“The Üllő development is a clear demonstration of how the OTP Real Estate Investment Fund can create long-term value by participating in projects that are not only financially sound, but also technologically advanced and sustainability-driven. Our cooperation with Panattoni has once again proven that strong professional partnership and shared vision can deliver outstanding results in the Hungarian logistics real estate sector,” said Ervin Fidél Schwender, Head of Property Development, OTP Real Estate Investment Fund Management.

Sustainability considerations played a central role throughout the development process. The property is currently undergoing BREEAM “Very Good” certification, while the 280 kWp rooftop solar PV system and 47% landscaped green area support long-term environmentally conscious operations. The technical specifications are equally impressive: more than 27,000 sprinkler heads and 3,600 cubic metres of firewater storage ensure robust fire protection, while 42 dock levellers and a 10,800-square-metre, three-storey pick-up tower enhance logistics efficiency.

The tenant is currently installing the internal warehouse automation and systems integration in preparation for the facility’s go-live in Q2 2026.


Panattoni