Prologis has announced that Prologis European Properties Fund II (PEPFII) has acquired M0 Central Business Park in Hungary from IDI Gazeley. Two newly acquired, 100 percent let, facilities totalling 31,443 square metres will become part of the adjoining 98-percent let Prologis Park Budapest-Sziget, which currently comprises seven buildings totalling 150,000 square metres.
The park is southeast of Budapest in the industrial zone of Szigetszentmiklós, which has direct access to national and international road networks via the M0 ring road. Customers of the newly acquired facilities include Easi Uplifts, FM Logistics, Quality Logistics Management, United Performance Metals CEE and UTi Hungary. JLL facilitated the transaction.
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