Prologis 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 sqm 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. In line with this principle, we will continue to focus on core locations in the greater Budapest area,” commented László Kemenes, senior vice president and country manager, Prologis Hungary.
JLL represented Prologis while Deloitte advised Horvath Rudolf.