ProLogis to develop 20,600 m² for logistics services provider in Hungary (HU)

ProLogis (NYSE: PLD) announced that it will develop 220,000 ft² (20,600 m²) of industrial space in Budapest, Hungary, to UTi (Hungary) Logistics LLC, one of the region's leading providers of third-party logistic services.

UTi Hungary's new build-to-suit facility will be located at ProLogis Park Budapest-Sziget, a 1.8-million ft² (170,700 m²) distribution park being developed 17 kilometers south of downtown Budapest. UTi, which currently leases space from ProLogis in both Europe and the United States, will operate the facility as a regional distribution center for one of its clients.

"ProLogis was an obvious choice for UTi Hungary," said Zolt

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