Waberer’s signs leasing contract with Prologis

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Logistics real estate firm Prologis has signed a new lease agreement for 13,800 square meters and will deliver two new facilities totaling 21,000 sqm at Prologis Park Budapest-Sziget for Hungarian freight forwarding and logistics firm Waberer’s, according to a press statement sent to the Budapest Business Journal Monday.

The transactions with Waberer’s, which is a new customer for Prologis, include a 13,800-sqm space at DC7A – a 21,500-sqm speculative facility that is now fully let two months after completion˜ – and a 21,000-sqm space at DC7B and DC8, to be developed to the customer’s specifications and scheduled for completion in the second quarter of 2017, according to the press statement. 

“We were looking for a high-quality logistics hub near Budapest and close to a major transport route, and Prologis’s offer fulfilled our expectations with high technical standards, customer service and a premium location. The sustainable solutions in the park are perfect for our green agenda,” said Zsolt Barna, director of contract logistics management at Waberer’s.

“We are proud that Waberer’s, the leader in international transportation in Europe and the leading domestic freight and complex logistics services provider in Hungary, has become our new customer in Hungary. Both Prologis and Waberer’s are committed to minimizing the environmental impacts of our businesses, making this a strategic relationship for both parties,” said László Kemenes, senior vice president and country manager at Prologis Hungary.

At the moment, the speculative DC7 Prologis Park Budapest-Sziget is fully let, while two new facilities are being constructed. With a total 34,800 sqm of leased area, the park now has an occupancy rate of 99%.

Prologis Park Budapest-Sziget currently comprises seven buildings totaling 150,000 sqm. The park is south of Budapest in the industrial zone of Szigetszentmiklós, providing direct access to the national and international road network via the M0 ring motorway around Budapest.

Prologis is one of the leading providers of distribution facilities in Hungary, with more than 640,000 sqm of logistics space in eight industrial parks, as of September 30, 2016.

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