News, analysis and lease transactions from the Hungarian warehouse market
There was a significant increase in demand in Hungary for income-producing industrial properties bought for investment purposes in the past two years. China's Shanghai Feilo Acoustics owned Inesa Europe purchased more than 16,000 square meters of industrial property under such a deal. The distribution center located at Dunakeszi serves the European customers one of the largest LED manufacturers in China.
The Budapest Research Forum (BRF, which comprises: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q2 2016 industrial market snapshot.
Prologis, Inc., the global leader in logistics real estate, today announced that it has signed a lease agreement with Grupa Allegro, the largest e-commerce platform in Poland, for 21,950 square metres at Prologis Park Błonie. The transaction involves 13,100 square metres of space that has been leased now and an additional 8,850 square metres that will be leased in 2017.
Within the framework of this year's second-largest lease transaction, FM Logistic extended its contract and increased its rental area at the M0 Central Business Park. With the new 21,170 square meters total area lease - supported by property consultant CBRE - the industrial park is now completely full.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the release of its annual Sustainability Report. The report documents the company's activities in the three dimensions of sustainability: environmental stewardship, social responsibility and corporate governance and ethics.
Prologis, Inc., the global leader in logistics real estate, today announced that it has signed a new lease agreement for 4,800 square metres with Inter Cars Hungária, the largest passenger and truck parts dealer in Central and Eastern Europe, at its DC7 building now under construction at Prologis Park Budapest-Sziget. International real estate services firm CBRE facilitated the transaction.
Prologis, Inc., the global leader in logistics real estate, today announced that it will deliver a 34,200 square metre build-to-suit distribution facility at Prologis Park Prague-Rudná for Sportisimo, a Czech sporting goods retailer.
Within two months the OTP Real Estate Investment Fund has already added the second logistics property to its portfolio. The 35-thousand-square-metre warehouse complex is located in South-Pest, within the Gyál Business Park, near the M5 motorway and several multinational companies. This has been the biggest transaction of the OTP Real Estate Investment Fund so far in terms of gross floor area.
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