The transactions comprise: 10,763 sqm in Building 5 to BOY, a 23-year old Hungarian logistics company; 2,560 sqm in Building 5 to Javépcoop, a 15-year old Hungarian logistics services provider; 1,529 sqm of additional space in Building 4 to Essentra Filter Products, the world’s leading independent solutions provider and partner for special filters and scientific services to the tobacco industry. The company now occupies a total of 12,740 sqm in the building.
“We are delighted to welcome new clients to the prime location of Prologis Park Budapest-Sziget,” said László Kemenes, vice president for Prologis in Hungary. “With these transactions Building 5 is fully occupied, and the overall occupancy level of Prologis’ Hungarian portfolio has increased to 86 percent, well above the Hungarian market average of 77 percent.”
Prologis Park Budapest-Sziget comprises seven buildings totalling more than 120,000 sqm of distribution space, and has a further 50,000 sqm that could be developed. The park is adjacent to the M0 Motorway, offering fast and efficient access to the international airport and the Hungarian motorway network. (Source: europaproperty.com)