ProLogis To Develop Hungary Facility

May 14, 2008
ProLogis will develop a 20,600 square-meter facility in Budapest, Hungary for UTi (Hungary) Logistics LLC.

The new build-to-suit facility will be located at ProLogis Park Budapest-Sziget. The distribution park, 17 km south of downtown Budapest, features 170,700 square meters (1.8million square feet) of industrial space.

“Our dynamic growth in Hungary has required us to partner with a provider that understands our evolving needs and can plan for the long-term while offering flexible solutions,” said Zotán Bagyinszki, managing director of UTi (Hungary) LLC.

“UTi Hungary's new facility is ideal for large-scale regional distribution,” commented Michael deJong-Douglas, managing director for ProLogis in Central and Eastern Europe. “Over the last several years, an increasing number of multinational companies have established operations in Budapest due to the city's convenient access to key markets in Central and Eastern Europe,” he continued. Low-cost labor and a large local population were additional benefits he cited.

ProLogis Park Budapest-Sziget consists of five buildings totaling 80,800 square meters (870,000 square feet) of space. The site is connected to the national and international traffic network by the M0 motorway and has access to the international airport and M1, M7 and M5 motorways. When fully built out, the industrial park will have 10 buildings and over 170,700 square meters (1.8million square feet) of space. Other tenants include Schneider Electric, NCR,Filtrona, Quadrant, Transped, Rhenus Archico and KS Spediton.

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