Prologis Hungary: 23,100 Square Metres for Large Industrial Customers

Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced that two of its customers in Hungary have signed leasing renewals and an expansion totaling 23,100 square metres.

The transactions include:

• 17,600 square metrerenewal and a 2,900 square metre expansion with Iron Mountain, a leading provider of storage and information management services in Building 1 at Prologis Park Budapest-Gyál. Building 1 is now fully occupied.

• 2,600 square metrerenewal with ADR Logistics, a specialist in the transportation of hazardous substances, in Building 5 at Prologis Park Budapest-Sziget.

“The fact that both large industrial companies have renewed their leases, with Iron Mountain expanding their lease, is encouraging news for the Hungarian market,” said László Kemenes, vice president & market officer for Prologis Hungary. “Having served both customers for five years, we are delighted to support their operations and look forward to meeting their future needs.”

Prologis Park Budapest-Gyál provides more than 151,000 square metres of state-of-the art distribution space in eight buildings. The park is adjacent to the M5 motorway and the M5-M0 junction, 18 kilometres southeast of Budapest City Centre and 17 kilometres west of Budapest International Airport.

Prologis Park Budapest-Sziget comprises seven buildings totalling more than 120,500 square metres of distribution space. It also offers development potential of an additional 50,000 square metres. The park is adjacent to the M0 ring road providing easy access to the airport and the Hungarian motorway network.

Prologis’ portfolio in Hungary totals more than 490,000 square metres across five parks in the Budapest region (Gyál, Harbor Park, Százhalombatta, Szigetszentmiklós, Budaörs) and one park in Hegyeshalom.

In Central & Eastern Europe, Prologis portfolio totals more than 3.5 million square metres, making it the leading provider of distribution facilities in the region (as of June 30, 2013).