Prologis sells Prologis Park Hegyeshalom
Logistics real estate company Prologis, Inc. has announced the sale of Prologis Park Hegyeshalom in Hungary to Horváth Rudolf Intertransport Ltd., a Hungarian logistics services provider.
The transaction includes a fully leased Class "A" logistics facility totaling 32,300 square meters and 24 hectares of land, a press release sent to the Budapest Business Journal says.
Prologis Park Hegyeshalom is the first Class "A" logistics park in northwestern Hungary, in the so-called “magic triangle” that comprises the Hungarian, Austrian and Slovak borders. The park has easy motorway access to Bratislava (M15), Vienna and Budapest (M1).
“Our strategy is to focus on high-barrier markets that show strong demand amid low vacancy,” said László Kemenes, senior vice president and country manager of Prologis Hungary. “In line with this principle, we will continue to focus on core locations in the greater Budapest area.”
JLL represented Prologis in the deal, while Deloitte advised Horváth Rudolf.
Prologis has been advised on legal matters by Noerr, which provided full-scale legal advisory services.
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.