€ 1,1 million EU fund invested in Polgár Business Park

Cushman & Wakefield (C&W) global real estate consultants representing the tenant Jabil have successfully concluded a lease disposal with the landlord Polgár-Invest, member of InfoGroup, for 4,260 sq m warehouse and 208 sq m of office space in Polgár Industrial Park.

The American electronics assembly company will use the building as a warehouse and will continue production at their manufacturing plant in Tiszaújváros. The new  613 million HUF / (€ 2,6 million )construction will be developed with  297 million HUF / (€ 1,1 million) EU Funds with the help of the NFÜ Hungary. The development will be among the 25 best logistics centers in the country, located in eastern Hungary.

Emília Tarró Associate Head of Industrial at Cushman & Wakefield Budapest commented: “We are proud to have concluded successful lease negotiations with Jabil bringing their warehouse to Polgár Industrial Park. We are confident, that Jabil will be satisfied with the new building and that the location choice will meet its expectations.”

Lajos Palásti Managing Director at Jabil Hungary added: “When deciding on the scheme, the geographic location and the technical parameters of the park were the most important factors.  Besides this, the flexibility and reliability of the landlord was also important criteria at the decision making.”

Ádám Székely Managing Director at Polgár-Invest said: “We are delighted to welcome Jabil in Polgár Industrial Park. This deal proves us, that the park is a perfect location for international tenants who are eager to occupy quality industrial space with good accessibility and infrastructure in eastern Hungary.”

Polgár Industrial Park is located in the south-east periphery of Polgár, in the neighborhood of the M3 motorway and the 117 MÁV railway line. It has an outstanding location in the middle of two Trans European Network Systems (TEN-T and TINA). The economic hubs of the region e.g. Debrecen, Nyíregyháza, Miskolc can be easily accessed within 50 kilometers and the country borders to Ukraine, Romania and Slovakia are close as well.