Prologis, Inc., the global leader in industrial real estate, has signed six lease agreements for 98,000 square meters across five logistics parks in Hungary.
The Hungarian transactions include:
• 27,800 square meters at Prologis Park Budapest-Budaörs – a lease renewal with Geodis, a leading global logistics operator;
• 24,800 square meters at Prologis Park Budapest-Sziget – a contract renewal with Schneider Electric, a global leader in energy management;
• 16,000 square meters at Prologis Park Budapest M1 – a new lease agreement concluded with a global leader in design, manufacturing, distribution, and aftermarket services. This is the first new customer in this park since its acquisition;
• 12,300 square meters at Prologis Park Budapest-Harbor – a lease renewal with a global leader in the healthcare industry;
• 10,700 square meters at Prologis Park Budapest M1 – a lease renewal with LGI Logistics Group International GmbH, a global provider of logistics services;
• 6,000 square meters at Prologis Park Budapest-Batta – an additional space lease by a logistics services leader, which now leases a total of 28,600 square meters within the park.
– The number of agreements signed in the Hungarian market is gradually increasing. The concluded transactions demonstrate the high demand for our high-quality buildings and services, not only among our existing customers, who form a solid foundation for our operations in Hungary, but also for new ones. We are operating at full capacity – said László Kemenes, senior vice president and country manager for Prologis in Hungary. – The excellent results in our parks in Hungary are the result of our professionalism in working with clients, as well as a confirmation of the excellent quality and location of our parks.
Prologis is the leading provider of distribution facilities in Hungary, offering over 612,000 square meters of warehouse space across six logistics parks (as of December 31, 2015).