Budapest (8 March 2018)
Prologis, Inc., the global leader in logistics real estate, today announced the sale of Prologis Park Hegyeshalom in Hungary to Horvath Rudolf Intertransport Ltd, a Hungarian logistics services provider.
The transaction includes a fully leased Class-A logistics facility totalling 32,300 square metres and 24 hectares of land.
Prologis Park Hegyeshalom is the first Class-A logistics park in the northwestern area of Hungary, in “the magic triangle” that comprises the Hungarian, Austrian and Slovak borders. The park has easy motorway access to Bratislava (M15), Vienna and Budapest (M1).
“Our strategy is to focus on high-barrier markets that show strong demand amid low vacancy,” said László Kemenes, senior vice president and country manager, Prologis Hungary. “In line with this principle, we will continue to focus on core locations in the greater Budapest area.”
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 684 million square feet (64 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,000 customers across two major categories: business-to-business and retail/online fulfillment.