Strong interest towards Budapest: airport presence at Expo Real
Budapest Airport has been a successful partner of the joint Budapest stand at the largest European real estate and property investment forum in Munich. Expo Real has attracted 1764 exhibitors from all over the world, which represents a 3 % increase compared with 2015.
Steadily increasing passenger numbers, above the average air cargo development and a series of property investments at the airport - these were the main messages represented by Budapest Airport at the largest European real estate forum in Munich’s Expo Real. This year Budapest Airport has used the 120 m² joint stand of Budapest together with the representatives of the Municipality of the Hungarian capital, the Hungarian Investment Promotion Agency (HIPA), and a series of property developers from Hungary.
The flagship property project of Budapest Airport is the development of an on-airport hotel within walking distance of Terminal 2, a project jointly developed with WING Zrt. The ibis Styles Budapest Airport Hotel is to be opened by the end of 2017 with 145 rooms and large conference facilities. The construction of this hotel is already underway.
Budapest Airport is also constructing a series of warehouses and office buildings for the integrator community. The construction of a new DHL Express warehouse (6.071 m²) and office building (2.380 m²) is already underway and is planned to be completed in summer 2017, and thus three branches of DHL Hungary (including DHL Freight and Global Forwarding present since 2013) will have their bases at the airport. With air cargo developing dynamically in Hungary Budapest Airport has started negotiations with future partners to develop a dedicated Cargo City near Terminal 2.
“We have witnessed increasing interest towards Budapest and the airport, the real estate market is seeing Hungary as an extremely attractive investment location with a secure legal and economic background,” said René Droese, Property Director of Budapest Airport. He added: ”We see solid growth in passenger traffic and increase in air cargo high above the European average at Budapest Airport. The ongoing hotel development is sure to add to the touristic values of Budapest, while the cargo and integrator developments are contributing in the long run to economic growth and job creation at and around the airport.”