Prologis Announces Sale of Prologis Park Hegyeshalom to Horvath Rudolf

8/3/2018

Prologis, Inc., the global leader in logistics real estate, today announced the sale of Prologis Park Hegyeshalom in Hungary to Horvath Rudolf Intertransport Ltd, a Hungarian logistics services provider.

The transaction includes a fully leased Class-A logistics facility totalling 32,300 square metres and
24 hectares of land.

Prologis Park Hegyeshalom is the first Class-A logistics park in the northwestern area of Hungary, in “the magic triangle” that comprises the Hungarian, Austrian and Slovak borders. The park has easy motorway access to Bratislava (M15), Vienna and Budapest (M1).

“Our strategy is to focus on high-barrier markets that show strong demand amid low vacancy,” said László Kemenes, senior vice president and country manager, Prologis Hungary. “In line with this principle, we will continue to focus on core locations in the greater Budapest area.”

JLL represented Prologis while Deloitte advised Horvath Rudolf.