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GE EXPANDS IN EAST GATE BUSINESS PARK IN HUNGARY

By 2013.11.13. September 24th, 2019 No Comments

GE EXPANDS IN EAST GATE BUSINESS PARK IN HUNGARY

WING’s East Gate Business Park in Fót in Hungary is home to GE’s Oil and Gas Division, which is being expanded with a strategically important manufacturing facility. East Gate Business Park is investing several billion forints in the development. The new hall, which has an area of approximately 11 000 square metres, will house the production of control units for gas and gas-turbine power plants. Besides the manufacturing areas, the building will also contain offices and warehouse space. Following the expansion GE’s operations will occupy an area of some 17 500 square metres in East Gate Business Park.

One of the driving forces behind the Hungarian economy is the establishment in Hungary of the competitive manufacturing units of international corporations. It takes the strongest players in the Hungarian property market to provide them with the world-class buildings and infrastructure they require. Since the East Gate Business Park’s launch in 2005, some 78 000 square metres of industrial halls have been constructed on a 36-hectare area. This is the location of the local or regional company headquarters of numerous large international corporations in addition to GE such as Philip Morris, Lear, Rexel and ABB.

 

The subsidiaries under the ownership of Wing have taken on a key role in the project. Aspectus Architect is tasked with designing the building; and Market Construction is performing the construction work. Market Építő boasts references from various international manufacturing companies, such as the Audi plant in Győr, Givaudan’s food industry manufacturing plant, the Ringier printing house or the Zwack factory. The financing bank is UniCredit.

 

Today East Gate Business Park is Hungary’s number one business park. Besides the general warehousing and office functions, unlike logistics parks in the classic sense, it is primarily occupied by manufacturing and production plants that require complex solutions. The Wing Group, Hungary’s leading integrated property group, welcomes GE Hungary’s decision to choose Fót, and specifically the East Gate Business Park for its expansion, and is confident that this represents an important milestone in its ongoing development projects.

Press Release