San Francisco, CA – Industrial real estate leasor Prologis Inc. has acquired two major logistics facilities in Poland and Hungary. The properties total more than one million square feet of warehouse space and are 100 percent leased.
The first is a 610,000 square foot warehouse in Gliwice, Poland. The facility is occupied by Tesco, a multinational grocery retailer and repeat customer. The property has immediate access to two trans-European road networks, enabling efficient transportation of goods.
The second is a 404,000 square foot building in Budapest, Hungary, occupied by global retailer, Auchan and is located near the city’s international airport, approximately 20 miles from the city center.
“These properties are excellent additions to our portfolios in Poland and Hungary,” said Ben Bannatyne, managing director, Prologis Central & Eastern Europe. “Both are in key locations along major commercial routes that are growing in importance due to an increase in intra-regional trade in Central and Eastern Europe.”
As of March 31, the company owns and manages approximately 152 million square feet of logistics and distribution space in Europe.
ProLogis leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises in 21 countries in the Americas, Europe and Asia.