Prologis records more than 44,000 sqm leasing activity in Hungary
Prologis Inc., which describes itself as a leader in logistics real estate, has released its operating and development portfolio activity for Q2 2018, with 44,220 sqm leasing activity in Hungary.
Prologis Park Budapest-Gyál saw a notable renewal.
According to information the company provided to Budapest Business Journal, it ended Q2 with a 100% period-end occupancy rate in Hungary. During April-June, Prologis signed 8,580 sqm of new leases as well as 35,640 sqm of lease renewals.
The new lease came from a deal with transporting and logistic company DSV at Prologis Park Budapest Harbor. The most notable renewal came from a manufacturer of soft contact lenses at Prologis Park Budapest-Gyál, totaling 30,683 sqm.
The Hungarian results had a positive influence on Q2 activity in Europe, where Prologis recorded a period-end occupancy at 97.2%, and 974,000 sqm of total leasing activity. Hungary was among the company’s strongest markets in the CEE region, along with Czech Republic and Slovakia.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.