Prologis Develops 8,000 Square Metre Build-to-Suit for Fiege in Hungary
BUDAPEST (20 January 2016) – Prologis, Inc., the global leader in industrial real estate, today announced that it has begun the development of an 8,000 square metre build-to-suit facility (DC2) at Prologis Park Hegyeshalom for Fiege, one of Europe’s leading logistics providers.
Fiege has also signed a lease renewal for its existing 11,400 square metre space in DC1 at the same park. The company already leases 126,000 square metres in five Prologis parks across Europe. The new 8,000 square metre facility, which will be its second building at the fully occupied park, will include 100 square metres of state-of-the-art office space.
“Fiege is specializing in integrated supply chain solutions for many different industries, and the complex services we provide generate business opportunities. We are pleased with our existing facility at Prologis Park Hegyeshalom, and to accommodate our business growth we have decided to renew our current lease agreement and expand into another high-quality build-to-suit facility that will fulfil the specific requirements of our daily operations. Prologis’ professional customer management team and flexible approach drove our decision”. – said Gergely Hepp, managing director, Fiege.
With the Hungarian market consolidating, we see increased demand to expand partnerships with our existing customer base, and we are pleased to develop a new build-to-suit facility for Fiege,” said László Kemenes, senior vice president, country manager, Prologis Hungary. “Hegyeshalom, our only development in Hungary outside the greater Budapest area, has been fully occupied in past years and is becoming an important strategic hub for Fiege’s regional logistics activity with its reach to Austria, Hungary and Slovakia.”
Prologis Park Hegyeshalom currently comprises a 24,100 square metre facility that is fully leased to Fiege and SMR. It offers 120,000 square metres of additional development potential. The park is located in western Hungary in the proximity of Vienna, Bratislava and Győr, providing easy access to all three markets via the M1 and M15 motorways.
Prologis is the leading provider of industrial space in Hungary with a portfolio of 612,000 square metres in six parks (as of September 30, 2015).
Prologis, Inc. is the global leader in industrial real estate. As of September 30, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 670 million square feet (62 million square meters) in 21 countries. The company leases modern distribution facilities to more than 5,200 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.
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