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Prologis launches 8,000 sqm development in Hungary

Prologis launched the development of an 8,000 sqm build-to-suit facility (DC2) at Hungary’s Prologis Park Hegyeshalom for Fiege, one of Europe’s leading logistics providers, the real estate developer said today in a press release.

Fiege signed a lease renewal for its existing 11,400 sqm space in DC1 at the same park, the press release said. The company already leases 126,000 sqm in five Prologis parks across Europe, Prologis said, adding that the new 8,000 sqm facility, which will be its second building at the fully occupied park, will include 100 sqm of state-of-the-art office space.

“Fiege specializes 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 fulfill the specific requirements of our daily operations,” said Gergely Hepp, Fiege managing director.

“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 and country manager of Prologis Hungary. “Hegyeshalom, our only development in Hungary outside the greater Budapest area, has been fully occupied in the past few years and is becoming an important strategic hub for Fiege’s regional logistics activity with its reach to Austria, Hungary and Slovakia,” Kemenes added.  

Prologis Park Hegyeshalom currently comprises a 24,100 sqm facility that is fully leased to Fiege and SMR. It offers 120,000 sqm of additional development potential. The park is located in western Hungary in close proximity to Vienna, Bratislava and Győr, allowing for easy access to all three markets via the M1 and M15 motorways.