Prologis has begun development of a 21,000 square metre speculative facility at Prologis Park Sziget-Budapest.
This will be the first speculative logistics building in the Hungarian market since 2008. Building completion is scheduled for the third quarter of 2016.
The new facility, Building 7, will include a pioneering docking system with 46 docks and three drivein gates. It will reflect Prologis commitment to environmental stewardship by guaranteeing energy efficiency and cost-effective operations.
Prologis Park Budapest-Sziget currently comprises six buildings totalling 128,000 square metres of industrial space with the capacity for 15,000 square metres of additional development. The park is located in the industrial zone of Szigetszentmiklós, in a submarket of Budapest, which provides direct access to the national and international road network via the M0 Budapest ring road.
With its active engagement in four CEE countries and a portfolio totalling 4.3 million square metres, Prologis is the leading provider of distribution facilities in Central and Eastern Europe (as of 31 December 2015).