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ProLogis leases warehouse space near Budapest

Logistics company ProLogis announced in a statement that it has leased 16,000 square meters of industrial space at ProLogis Park Budapest-Gyál.

The logistics company cargo-partner decided to move its entire headquarters and primary distribution center in Hungary to its new build-to-suit facility at ProLogis Park Budapest-Gyál; the building is scheduled for completion during the first half of 2008. CB Richard Ellis, the largest global commercial real estate services firm, acted as an advisor for that transaction

Christoph Grasl, managing director of cargo-partner in Hungary said “our new location at ProLogis Park Budapest-Gyál fits exactly to the requirements of our clients in Hungary. The state-of-the-art distribution park is located close to the airport, main container yard for sea freight and has direct highway access.”

Adrienne Konthur, Managing Director of CB Richard Ellis Hungary added “this transaction was the largest lease on the industrial property market in 2007 with the involvement of an advisor. Thanks to the favorable conditions CBRE managed to achieve at ProLogis Park Budapest-Gyál, cargo-partner finally decided to multiply its initially smaller demand.” (press release)