Prologis acquires site for new logistics park in Budapest

Logistics

Logistics real estate firm Prologis announced the expansion of its Hungarian portfolio via the acquisition of a 13-hectare site in the Budapest logistics market, with Modesta Real Estate facilitating the transaction.

The new site is located across the road from the companyʼs fully developed and leased Prologis Park Budapest-Sziget next to the M0 motorway, the ring road of the Hungarian capital, thus providing connectivity to all the important transportation routes. 

According to Prologis, the new location has all the necessary building permits and development potential for two modern facilities totaling 60,000 sqm. The park will be named Prologis Park Budapest-Sziget II.

As part of Prologis’s PARKlife initiative, the new park will provide clients and their employees with a range of services and conveniences, such as on-site technical support, a car-sharing program, and green spaces.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C... Government

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C...

Spring Weather Raising Interest in Leisure Products Retail

Spring Weather Raising Interest in Leisure Products

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.