Tuesday 22nd Aug 2017 - Logistics & Supply Chain

Prologis to build first Hungarian spec facility since 2008

Industrial real estate company Prologis has begun developing a 226,000 sq m speculative facility at Prologis Park Sziget-Budapest – the first of its kind built since 2008. It is scheduled to be completed for the third quarter of 2016.

Prologis Park Budapest

Prologis Park Budapest

“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 per cent occupancy of our Hungarian portfolio and high customer retention rate together give us the confidence to carry out this development.”

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