The 45,000 sqm MG3 warehouse at HelloParks Maglód has become the first industrial property in Hungary to achieve the highest, "Outstanding" rating in the New Construction category of the Breeam sustainability standard, according to a press release sent to the Budapest Business Journal.
ESG-compliant features and procedures in real estate are increasingly the norm. That is exemplified by accreditation to a recognized third-party sustainability system by high-end office and industrial developers being a fundamental market requirement from tenants and to meet regulatory expectations from the EU and national governments.
The industrial and logistics sector has undergone a remarkable transformation in recent years. Manufacturing and assembly companies have started stockpiling resources locally. To cater to such demand, electric vehicle suppliers are renting quality industrial real estate. Today, tenants are concerned with cost- and energy efficiency and sustainability. Rudolf Nemes, the CEO of industrial property developer HelloParks, shares his views with the Budapest Business Journal about the company’s recent investments and future plans.