Prologis to Develop First Speculative Logistics Facility in Hungary Since 2008

11 April 2016

21,000 square metres under construction

WARSAW (8 April 2016) – Prologis, Inc., the global leader in industrial real estate, today announced that it has begun development of a 21,000 square metre speculative facility at Prologis Park Sziget-Budapest.

This will be the first speculative logistics building in the Hungarian market since 2008. Building completion is scheduled for the third quarter of 2016.

The new facility, Building 7, will include a pioneering docking system with 46 docks and three drive–in gates. It will reflect Prologis’ commitment to environmental stewardship by guaranteeing energy efficiency and cost-effective operations.

“This facility will offer Prologis’ customary exceptional property management for our customers and deliver practical solutions, thus combining local expertise with global best practices,” said László Kemenes, senior vice president and country manager, Prologis Hungary. “In addition to the increasing rents at Prologis Park Budapest-Sziget, 98 percent occupancy of our Hungarian portfolio and high customer retention rate together give us the confidence to carry out this development.”

Prologis Park Budapest-Sziget currently comprises six buildings totalling 128,000 square metres of industrial space with the capacity for 15,000 square metres of additional development. The park is located in the industrial zone of Szigetszentmiklós, in a submarket of Budapest, which provides direct access to the national and international road network via the M0 Budapest ring road.

With its active engagement in four CEE countries and a portfolio totalling 4.3 million square metres, Prologis is the leading provider of distribution facilities in Central and Eastern Europe (as of 31 December 2015).

See also

Prologis Receives Prestigious Logistics Real Estate Recognition

Prologis, Inc., the global leader in logistics real estate, has been named the strongest European real estate developer brand for 2018.

View more

Prologis Announces 2018 Prologis for the Best’ Award Winners

Prologis, Inc., the global leader in logistics real estate, and the Poznań School of Logistics, have announced the winners of the 13th instalment of the “Prologis for the Best” contest. The initiative recognizes and promotes ambitious, hardworking young people and helps to open doors to career paths in logistics.

View more

Prologis Park Bratislava Continues Expansion with Two New Buildings

Prologis, Inc., the global leader in logistics real estate, today announced that it has begun construction of two new speculative facilities totalling 25,300 square metres at Prologis Park Bratislava.

View more