Walter Herz advising global Investor and developer in disposal of unique industrial opportunity

18 March 2024

Walter Herz advising global Investor and developer in disposal of unique industrial opportunity

CGL Investment Holdings, a prominent player in the industrial real estate market, has appointed Walter Herz, granting the esteemed agency exclusive rights to manage the sale of a strategically located industrial park in Zalaegerszeg, Hungary. This key industrial hub, positioned near the Austrian and Slovenian borders, presents a not-to-be-missed investment opportunity in the heart of Central Europe.

A Lucrative Property with a Stable Income Stream

The industrial park up for sale is more than just a property; it's an ongoing concern with a revenue-generating warehouse asset. A solid five-year lease is currently in place, backed by a dependable tenant with a track record of longevity and stability.

Property Overview

The property, a purpose-built industrial complex, showcases a mix of office spaces, social zones, and expansive storage facilities. It covers an impressive leasable area of 60,000 sqm and resides on a substantial plot of nearly 25 hectares. The complex includes two independent constructions – the northern Strip Mall and the southern buildings, each offering additional development potential. The industrial park is zoned within a master plan allowing for a range of uses, embracing industrial production, logistics, offices, and housing for staff.

Investment Highlights

  • Room for Expansion: Available space for future growth amplifies the potential of this investment.
  • Triple A Tenant: Financial security is assured with a top-tier tenant.
  • Euro Rent: Simplifies international transactions, anchoring finances in a Euro currency.
  • Growth in Value: Market trends indicate an upswing in the property's worth over time.
  • Favorable Lease Terms: A triple net agreement augments investor benefits.

Location As a Competitive Edge

The industrial park is situated in Zalaegerszeg, the seat of Zala County, lying 230 km from Budapest. The locality is favored with a robust population base and exceptional connectivity via the M7 highway, ensuring swift travel to both Budapest and Croatia, with the Austrian border also conveniently close.

Global Tenant

An international powerhouse and the third-largest in EMS and ODM revenue worldwide, stands as the industrial park's incumbent tenant. Their global presence, with operations in over 30 nations and a workforce exceeding 170,000, positions this property as a high-value asset with strong tenant covenants.

About CGL Investment Holdings and Walter Herz

CGL Investment Holdings specializes in the strategic acquisition and management of industrial properties, while Walter Herz offers unparalleled expertise in the real estate transaction process, facilitating deals that resonate with global investment standards.

For more information regarding this investment opportunity, prospective buyers are encouraged to contact the agents at Walter Herz.

 

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