News Article Budapest development Hungary industrial investment land logistics Prologis
by Property Forum | Investment

Prologis is expanding its Hungarian portfolio with the acquisition of 13 hectares in the Budapest logistics market. Modesta Real Estate facilitated the transaction.

The new site is located just across the road from the fully developed and leased Prologis Park Budapest-Sziget next to the M0 motorway, the ring road of the Hungarian capital. 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 development potential for two modern facilities totalling 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.