ERSTE Open-Ended Real Estate Investment Fund has closed the biggest deal of the decade with the purchase of two HelloParks warehouses

The two affected warehouses, PT2 and PT3, each measuring 42 thousand square meters, were developed according to the highest BREEAM New Construction sustainability category, Outstanding, which played a decisive role in ERSTE Real Estate Fund’s decision to acquire them. Only HelloParks develops industrial real estate under such strict conditions in Hungary, but only 3 percent of buildings worldwide meet this level of requirement. The halls also meet the requirements of the EU Taxonomy Regulation, which is also unique in the domestic industrial real estate market. The tenants of PT2 and PT3 include well-known international freight forwarding and logistics service providers such as Gebrüder Weiss and Transdanubia. Following the sale, HelloParks will continue to provide technical operation for the two warehouses.

“The sector is back on track, and this transaction is clear evidence of renewed investor interest in the Hungarian industrial and logistics real estate market. The huge nearshoring and industrialization trend has been driving demand and rental growth for years. In this process, Hungary is clearly the regional winner, yet only a few transactions have been completed in the past. This transaction is a sign of the return of liquidity and encourages further investor activity. Those who act on time will not only benefit from favorable yields, strong demand and rising rents, but also from the limited land supply and access to an extremely narrow ESG-compatible portfolio,” emphasized Gábor Futó, founder of HelloParks and the Futureal group. “The acquisition of the HelloParks warehouses is a significant step for us to become outstanding investors in the industrial real estate development sector, which has achieved spectacular results. The two buildings meet the quality and sustainability criteria that are key to Erste Real Estate Fund’s investment decisions in every respect. We are looking for future-proof properties for our portfolio that provide stable returns and added value in the long term, and this transaction clearly shows that we are committed to high-quality, ESG-compatible industrial investments,” said Balázs Pázmány FRICS, Chairman of the Board of Directors of Erste Alapkezelő Zrt.