Prologis, Inc., the global leader in logistics real estate announced that Fast Hungary Ltd., a leading electronics retailer, has signed a lease for approximately 7,400 square meters of space at Prologis Park Budapest-Sziget II. Under a ClearLease® agreement, Fast Hungary Ltd. will occupy 6,500 m² of warehouse facilities and 900 m² of turnkey, customized office space. The agreement was concluded under the ClearLease® model, which offers customers greater predictability through fixed operating costs.
“We are happy to open our new warehouse at Prologis Park Budapest-Sziget II,” said András Pásztor, Managing Director of Fast Hungary Ltd. "The modern, well-equipped, high quality building will help make our operations more efficient, and will be essential in our daily work. Opening this new site is also an indicator of the continuous growth of our business, and we are excited to have Prologis with us as a good partner from now on."
The building leased by Fast Hungary Ltd. is one of the final speculative developments available at the park. It features a clear height of 12 metres, a floor load capacity of 7 tonnes per square metre, and an optimized column grid that improves space usability and racking efficiency. Heating is partly supplied by energy-efficient heat pumps, and the unit is equipped with motion-sensor LED lighting systems that can be adjusted to suit specific operational needs. In addition to the modern infrastructure, the decision to lease at the park was influenced by the ongoing collaboration between the two companies, the comprehensive suite of value-added services offered by Prologis—including the Essentials platform—and the on-site support provided by the local customer experience team.
“We are proud to welcome our newest client, Fast Hungary Ltd. The contracting process was characterised by maximum flexibility and professionalism, so Fast Hungary Ltd. really found a new home with us that’s not only modern but also truly tailored to them” said Zsuzsanna Hunyadi, Leasing and Customer Experience Director at Prologis Hungary. "The fact that Prologis Park Budapest-Sziget II is operating at a high occupancy rate is largely due to our decades of professional experience. We hope that our new customers will soon feel at home here, and that their staff and partners will not only enjoy our logistics and operational services, but also new community experiences by joining our PARKlife initiative."
“The negotiation process was efficient and constructive throughout,” said Ildikó Kollár, VP, Legal Counsel, Central Europe at Prologis. “We appreciated the professionalism and open communication demonstrated by the Fast Hungary team, and we look forward to a long-term and successful partnership.”
The transaction was facilitated by real estate consultancy Cushman & Wakefield.