HUNGARY Faedra22 in German hands
Investment & financeschedule 03 April 2024
Faedra22 was completed in 2021
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Hungarian developer Faedra Group has sold its 16,600 sqm Faedra22 warehouse development in southern Budapest to a German investor for an undisclosed sum.
Faedra22 has been part of the group’s portfolio since 2021 and is its second completed development. Faedra managed the entire development from its permitting to construction, together with its leasing and every other aspect of the project. Colliers supported Faedra during the sale process.
The sale of the Faedra22 logistics park took place in a competitive and priced environment, which can be seen as a turning point in terms of the price decrease perceived on the logistics market, which was
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