ProLogis signs major deal in Budapest

Hopi Hungary has signed a lease agreement for 20,500 sqm of warehouse space ProLogis Harbor Park, extending its lease from Building L to Building J as well. Hopi was using Building L to provide services for Unilver ath the park which sits adjacent to the M6 motorway to the south of Budapest. The situation on industrial sector has been looking up as late, with the pace of leasing deals rising considerably.

Cushman & Wakefield reported that take-up improved in 2010 to 2.5m sqm, compared to just 1.8m sqm in 2009. On the other hand, the agency points out that output fell by over 1m sqm to just 580,000 sqm.

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