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Hungary will focus on showcasing industrial and logistics real estate developments that support strong foreign inflows of working capital at the world’s premier real estate development exhibition, MIPIM, in Cannes between March 11-14, the Hungarian Investment Promotion Agency (HIPA) and the Real Estate Developers Roundtable (IFK) announced in a joint statement.
The focus will be on the economic attractiveness of the country’s rural towns and the expansion of the industrial-logistics sector, they said. In the statement, Ernő Takács, president of the IFK, stressed that the development of demand for industrial real estate last year reflected a growing trend since 2021, based on data from real estate consultancy CBRE.
“We expect stronger economic growth in 2025, particularly in the industrial production and manufacturing sectors. Foreign investment in Hungary, especially the projects of the BMW, CATL, and BYD factories, will further strengthen our logistics and industrial real estate market,” he concluded.
“The outlook for residential property developments is also positive, with the housing market once again becoming a focus of interest for investors and developers.
Several new directions are also emerging, such as the institutional rental market, and hotel development are about to take off thanks to the good performance of tourism, with international hotel operators clearly looking for opportunities to enter Budapest. Hungary is a particularly good target for high-quality, 4-5 star hotel developments,”
Takács stressed.
István Joó, CEO of HIPA, recalled in the statement that in 2024, for the second year in a row, working capital inflows in Hungary broke the 10 billion euro barrier. He stressed that Hungary is a safe investment destination: one of the most competitive tax systems in Europe, a skilled workforce, and favorable subsidy opportunities attracted investors from 20 countries on three continents in 2024.
The largest number of foreign projects (10 investments) came from Hungary’s number one partner, Germany, followed by China and the United States, in a tie for second place with seven investments from either country.
The NIPÜF National Industrial Park Management and Development Company, established in 2016, to promote industrial investment, will be presented at MIPIM under the brand name INPARK. The group, operating under the ownership of HIPA, has 20 sites in Hungary, covering almost 900 hectares, and has the largest portfolio of industrial development sites in the country. INPARK will be present as a player in the public sector, and will place a special focus on rural towns.
The main exhibitors at the Hungarian stand will be innovative industrial property developers such as Innovinia (developer and owner of IGParks), and HelloParks (part of the Futureal Group).
Biggeorge Property, a leading player in the Hungarian residential real estate development sector, and Jalsovszky law firm and real estate consultancy, a leader in the commercial, industrial, residential and hotel real estate markets, will also be present at MIPIM.
Via MTI, Featured image: Facebook/MIPIM