1 September, 2016

SPECULATIVE WAREHOUSE CONSTRUCTION IN POLGÁR TURNED OUT TO BE A GOOD DECISION

Automotive Supplier from India to Move to Polgár Industrial Park

Another large company joined the group of lessees in the Polgár Industrial Park. SONA BLW Hungary Kft., the Hungarian member of the SONA Group, one of the most important Indian automotive suppliers, has signed a lease agreement for an area of nearly 10,000 sq m with the owner-developer InfoGroup. This precision metalworking company will employ a total of 150 people and will begin production in Polgár this year.

In a unique manner in the logistics market in the countryside, InfoGroup again carried out a ‘speculative’ development, and its hall inaugurated in January 2016 found its lessee as a result of the negotiations conducted in recent months. The real estate agencies Colliers and Cushman & Wakefield were also involved in the deal. SONA BLW Hungary Kft. took possession of one of the halls consisting of 4,262 sq m warehouse and 459 office space in August. The first machines will arrive in October and production can start in Q4. The company will occupy the second building comprising a 4,215 sq m warehouse and 469 sq m office and service area in September 2017. Apart from India, SONA has had manufacturing facilities only in Germany and the United States so far.

The SONA Group, as part of its expansion plans, has been on the lookout for a manufacturing site in Eastern Europe. Hungary, in recent years has attracted a number of global automotive companies, this was definitely a positive factor for the SONA Group in selecting Hungary as a destination for our investment. The investor friendly environment of Hungary, the competitive lease conditions and the flexible extension opportunities offered by Polgár Industrial Park, as well as the cooperative atmosphere created by the mayor’s office in Polgár, all contributed to SONA establishing its new unit in there Hungary.” – said Sunjay Kapur Head of SONA Group.

Ádám Székely, managing director of InfoGroup, a group acting in the Hungarian real estate market for 26 years, said in connection with the conclusion of the agreement: “The settling of SONA is much more than a business success: a large number of new jobs will be created in a major business sector and it will also reinforce the role of the region in the Hungarian real estate market. We hope that others will follow the example of this Indian company to establish themselves in Polgár.

Lessees in the industrial park, which has carried the title ‘Regional Logistics Centre’ since 2013, include such Hungarian and multinational companies as Jabil Circuit, Toyota Tsusho, Volvo, and Gyermelyi.

The Polgár Industrial Park, situated in the immediate vicinity of the M3 motorway, operates its existing halls – representing an area exceeding 27,000 sq m – with an occupancy rate of 100 per cent. Moreover, the second building of the newly built hall will be used by an existing lessee until SONA moves in. Now it is apparent that further storage area will be needed within the park as of September 2017. The owner-developer InfoGroup company group has concept plans for another 90,000 sq m facility, including conventional “big box” warehouses and so-called cross-dock and refrigerated warehouses as well. In addition, the park offers plots for development to long-term investors and companies looking for a site.

Source: Infogroup

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Infogroup Property Development group

Address: 1115 Budapest, Bartók Béla str. 105-113. | Mailing Address: 1519 Bp., Pf. 235

Phone: +36 1 481 4530 | Fax: +36 1 481 4531 | E-mail: info@infogroup.hu

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