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ProLogis buys Harbor Park for Euro 70 mln

ProLogis, a U.S.-based real estate trust, has purchased the Harbor Park logistics center in Nagyteteny, south of Budapest, for Euro 70 million, Szezam Kommunikacios said yesterday. The park will be renamed ProLogis Harbor Park. ProLogis bought the property from a consortium of U.S. and Hungarian investors, including Crow Holdings International, Lehman Brothers International, Heitman International and Hungary's Wallis Real Estate Rt. Jones Lang LaSalle was the broker for the transaction. The acquisition of the more than 100,000 square-meter property brings ProLogis's Hungarian portfolio to just under 200,000 square meters. (Econews)