Working in collaboration with Stantec, MXD Development Strategists led the Budapest Airport City assignment to create a Commercial Real Estate Strategy for Prancad Hungary Kft. Prancad is a private sector client with significantly strategic land holdings adjacent to Budapest Airport. The plan leverages the growing demand for commercial real estate space that is currently under-represented in the Budapest Metro area.
As part of establishing a strategic platform for Commerical Real Estate, MXD identified a number of economic clusters that could be leveraged and targeted through a positioning strategy that linked growing sectors to the optimal real estate building typologies, rate of absorption and estimated market capture rate for the subject development lands. A detailed financial analysis was performed to determine the project value at build-out, which was sensitized based on local construction costs and real estate market analytics.