Following its 2016 debut to the Hungarian market M7 Real Estate’s Central European Fund (“M7 CEREF”) has further increased its presence in Budapest. In March 2017 the 62,000 sq m Aerozone logistics centre near Ferenc Liszt Airport was acquired by the fund which is managed by M7 Real Estate. In what is a developing partnership, M7 Real Estate has again appointed CBRE as the property manager and leasing agent for Aerozone as it did at the previous transactions in 2016.
Diófa Asset Management is delighted to announce the closed transaction of the South Pest Business Park. The vendor was Wing Zrt.; the new owner is Magyar Posta Takarék Property Investment Fund, which is Hungary's second largest domestic open-ended fund. The purchaser, represented by Diófa Asset Management, currently owns 64 billion HUF of property value. The city logistics scheme is located in the 9th District, totals in 34,400 sq m GLA and the modern warehouse area is 90% occupied. The South Pest Business Park was transacted for 9 billion HUF.
Prologis, Inc., the global leader in logistics real estate, announced
it has begun construction of a speculative facility totalling 11,400 square metres at Prologis Park Wrocław V.
Scheduled for completion in the second quarter of 2017, the building is already 100-percent pre-leased, just one month after the start of construction.
Prologis, Inc., the global leader in logistics real estate, today announced it has started construction of a speculative facility totalling 9,200 square metres at Prologis Park Szczecin. The building is 60 percent pre-let to an international furniture company, which will occupy a total of 19,600 square metres in the park, including space in the new development. The building is scheduled for completion in the first quarter of 2017.
