Modesta Real Estate advised Prologis, the global leader in logistics real estate in the expansion of its portfolio with the acquisition of a 13-ha development site in the logistics market of Budapest, which is in high demand.
The newly acquired 13-ha site is located directly opposite the already developed „Prologis Park Budapest-Sziget.“ The new location offers development potential for two separate warehouses, each with 4 units and a total area of 60,000 sqm, for which all necessary building permits have already been obtained.
Located directly on the M0 ring road, the „Prologis Park Budapest-Sziget II” provides fast and efficient access to the M1, M5 and M7 motorways as well as to the Budapest International Airport.
„Prologis Park Budapest-Sziget II is located at a strategically excellent hub for distribution activities. Budapest, as well as the region around the capital, is Hungary’s most important logistics location. Thanks to the well-developed motorway network, the location has efficient access to the relevant markets within the country and throughout Central and Eastern Europe,“ says Sebastian Scheufele, SIOR (Managing Partner, Modesta Real Estate) who is accompanying the transaction.
About Modesta Real Estate
MG Real Estate GmbH was founded in Vienna in 2002. In addition to the Headquarters in Vienna, a subsidiary company was launched in Bratislava in 2005. Since its foundation year, Modesta Real Estate can look back at a successful company history. A significant share of this success is due to prestigious clients such as AMISOLA, BECHTLE, BFI, BOSCH, HONEYWELL, LOUIS VUITTON, MONDI AG, MOUNTPARK, PHILIPS, PROLOGIS, SIEMENS, SIGNA, USAA and WOLSELEY. In recent years, millions of sqm of office, industrial and logistics space as well as development sites have successfully been completed. Beside the domestic markets in Austria and Slovakia, Modesta Real Estate also assists in numerous transactions in the CEE markets and supports its international partners with corporate real estate advice. You will find further information at: www.modesta.at
Contact
Modesta Real Estate
MG Real Estate GmbH
Sebastian Scheufele, SIOR
Managing Partner
Dr. Karl-Lueger-Platz 5
1010 Vienna
Tel: +43 1 513 29 39 – 22
Fax: +43 1 513 29 39 – 14
E-Mail: scheufele@modesta.at
Website: www.modesta.at
Modesta Real Estate
MG Real Estate GmbH
Bianca Isak, B.A
Media Relations and Research
Dr. Karl-Lueger-Platz 5
1010 Vienna
Tel: +43 1 513 29 39 – 12
Fax: +43 1 513 29 39 – 14
E-Mail: isak@modesta.at
Website: www.modesta.at
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