Keeping Customers Connected - Prologis Acquires Site for New Logistics Park in Budapest
A solid focus on our customers’ needs has always defined our decision-making and development strategy. We know that our customers value the right space, support from our dedicated property team, a comfortable working environment for their employees and a location that connects them to their markets, which is why we are expanding our Hungarian portfolio with the acquisition of 13 hectares in the highly sought-after Budapest logistics market. Modesta Real Estate facilitated the transaction.
The new site is located just across the road from our fully developed and leased Prologis Park Budapest-Sziget next to the M0 motorway, the ring road of the Hungarian capital, thus providing excellent connectivity to all the important transportation routes. Customers can also benefit from the park’s two direct access points to the road.
The new location has all the necessary building permits and a development potential for two modern facilities totaling 60,000 square meters. The park will be named Prologis Park Budapest-Sziget II. As part of Prologis’s PARKlife initiative, the new park will provide customers and their employees with a range of services and conveniences, such as on-site technical support, a car sharing program and green spaces, in order to create a high-quality working environment where employees enjoy coming to work and where nature can flourish.
We always look for development options in high-barrier, high-growth markets that flexibly meet the needs of our customers over the longer term.
Whether it’s premium location, excellent connectivity or a trusted partnership, something special is Made in Prologis.