Prime Highlights:
- Panattoni Hungary is building two new logistics halls leased to Fiege, showing strong confidence in the country’s industrial real estate sector.
- The project is expected to strengthen Hungary’s role as a key logistics hub in Central Europe.
Key Facts:
- The new investment covers 51,000 square meters at Panattoni Park Moson, costing approximately €26 million.
- Since 2021, Panattoni Hungary has completed four fully leased projects totaling over 130,000 square meters.
Background:
Panattoni Hungary is set to strengthen its presence near the Austrian-Hungarian-Slovakian tri-border region with its fifth investment in the country. The industrial real estate developer is constructing two new logistics halls at Panattoni Park Moson, at an estimated cost of HUF 10 billion (€26 million).
The new facilities will be leased to Fiege Szállítmányozási és Logisztikai Kft. (Fiege Transport and Logistics Ltd.), a German-owned logistics company, covering a total area of 51,000 square meters. The projects will be realized through the Recorde Panattoni RPM Real Estate Funds, managed by Recorde Alapkezelő Zrt., a subsidiary of the Concorde Group.
Panattoni Hungary said that the vacancy rate in the country’s industrial real estate market is currently around 13 percent, higher than in previous years. This increase came after a building boom in 2021–2022, which was slowed by the war in Ukraine, energy shortages, and lower demand. Changes in global supply chains were not enough to offset these challenges.
The firm anticipates that demand in Hungary will recover in the second half of 2026 and early 2027, as the recovery in Western Europe has already been experienced. The customized Build-to-suit (BTS) projects, tailored to the long-term requirements of tenants, are still trending.
Panattoni is also a privately-owned developer of industrial real estate, one of the largest in the world, having 70 offices in North America, India, and Europe. It has more than 60 million square meters of portfolio and has more than 2,500 customers.
Panattoni has already finished four projects (more than 130,000 square meters) since its debut in Hungary in 2021, with full tenant occupancy. The firm intends to keep on growing both BTS and speculative ventures, based on the market requirement.
This is a new investment by Panattoni that demonstrates their belief in the Hungarian logistics market and their readiness to offer modern industrial areas. The project will help Hungary to become a significant logistics hub in Central Europe.
