The facility was handed over under early access terms by the developer, Panattoni Hungary, and owner OTP Real Estate Investment Fund. This HUF 20 billion project, one of the largest build-to-suit agreements in 2023, reached this milestone in just 11 months. The 28,000-square-metre warehouse, which includes a 4,000-square-metre, three-story semi-automated racking system, is already under development. The full completion of the project, including a 4,000-square-metre modern office building, is scheduled for Q3 2025.
A portion of the unique facility, unprecedented in Hungary's commercial sector, was handed over in November 2024, enabling the installation of Pick-up Tower technology. During this phase, a specialised industrial floor was also completed, designed to support cutting-edge logistics systems. While construction is ongoing, early access allows Rossmann to begin implementing state-of-the-art solutions such as conveyor systems, PickByLight, and Voice picking technologies.
“This project posed a highly complex challenge, and we consider it a remarkable achievement to reach this phase on schedule, allowing Rossmann to commence the installation of its technological systems,” said László Kemenes, Managing Director of Panattoni Hungary. “This collaboration highlights Panattoni’s unique market position: our build-to-suit projects are not only developments but also significant investment transactions, which are particularly valuable in today’s cautious market environment.”
“Delivering a project of this magnitude requires precise, coordinated work from all parties involved,” added András Farkas, Head of Project Development at Rossmann Hungary. “We highly appreciate our partner’s adherence to the deadlines set out in the lease agreement. We engage daily with the general contractor, developer, and landlord to discuss planning and implementation, as our active involvement is essential to the project's success.” Farkas also noted that the selection of an interior contractor for the office spaces is currently underway, to be followed by the preparation of tender documents for the kitchen’s operational and technological requirements.
This landmark project, developed by Panattoni Hungary Development Kft., has already earned industry recognition during its construction phase. It was awarded the "Real Estate Investment Deal of the Year (Domestic)" at the Portfolio Property Awards. The general contractor, Goldbeck Hungária Kft., has been active in Hungary since 2016 and is known for delivering innovative and sustainable industrial and logistics facilities. The complex, developed under a forward funding agreement with OTP Real Estate Investment Fund, is set for completion in Q3 2025, with operations expected to begin in early 2026.
Panattoni
