Fiege Moves into ProLogis Park Hegyeshalom in Hungary

ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today that Fiege, a leading contract logistics provider in Europe will occupy 8,300 square meters of warehouse space at ProLogis Park Hegyeshalom.

Fiege has just moved into its 8,300-square meters distribution center in the first building at ProLogis Park Hegyeshalom, a state-of-the-art industrial park located less than 10 kilometers from the Hungarian borders with both Austria and Slovakia. With this transaction, Fiege now leases more than 121,200 square meters of industrial space from ProLogis in facilities throughout Europe.

“ProLogis Park Hegyeshalom is our first development in Hungary outside the Budapest area” – said László Kemenes, vice president and market officer for ProLogis in Hungary. “We believe that this location is becoming a strategic hub for the regional logistics activity of our customers, as it simultaneously benefits from the vicinity of the three markets – Austria, Hungary and Slovakia.”

“Our new lease with ProLogis is an extremely important step within our distribution strategy in Central Eastern Europe” – said Dr. Peter Amos Executive Director CEE Fiege. “According to our plans, ProLogis Park Hegyeshalom is going to serve as one of our strategic growth locations in the region. The park’s location was the main deciding factor when choosing this park and it also meets our specific logistics requirements. We have good experience as a group with ProLogis in the CEE region and this is a further testimony to our commitment to continuing our long term relationship. The quality and service aspects are important factors for Fiege.”

“Fiege is a highly valued customer, and we welcome the company to yet another of our state-of-the-art facilities, this time at a brand new location” – added Kris Pauwels, vice president development and account management for ProLogis in Poland. “This lease agreement is the direct result of our undiminished commitment to well-located facilities of the highest quality, and professional customer service. We are looking forward to continue our relationship with Fiege at this park and the whole CEE region.”

“ProLogis is a major investor in our community, and we are very happy to welcome its new customer to the park. Hegyeshalom is the junction of the North-South road M15 and the East-West motorway M1, and the same is true for international railway routes” – said László Szőke, the mayor of Hegyeshalom. “As after over 80 years the classic border-function of our town and the job opportunities it had provided are gone, we strongly believe that this location as a new logistic hub for the region means new job opportunities for the local residents.”

ProLogis Park Hegyeshalom is located in western Hungary’s “magic triangle”(between Vienna, Bratislava and Győr), providing easy access to Vienna, Bratislava and Budapest via the M1 and M15 motorways. The park currently comprises one building totaling 23,100 square meters: at full build out the park total six facilities comprising 150,000 square meters of state-of-the-art distribution space.

ProLogis’ portfolio in Hungary consists of six distribution parks, comprising 29 buildings for a total of more than 485,000 square meters of distribution space.