Hungary
A stable logistics outlook
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In the last 2 years, Hungary has become known as strategic location for distribution and logistics in the EU. Hungary joined the Schengen zone at the end of 2007, a move which has made cross-border transactions far easier.
More than 66 % of distribution facilities in Hungary are located near the southern border of Budapest, the central location within the Hungarian logistics market. With the completion of the M0 motorway ring around the capital the northern part of the Budapest region has also become attractive. Hungary’s location on the northern edge of the SEE countries makes it a prime base point for distribution and value-added services.
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ProLogis Reports Second Quarter Results Thu, 22 Jul 2010 view full story | ProLogis Signs Three Build-to-Suit Agreements in Europe Tue, 20 Jul 2010 view full story | ProLogis Closes Two Financings for ProLogis European Properties Fund II Totaling Over Euro 124 Million Tue, 13 Jul 2010 view full story | ProLogis Leases 416,000 Square Feet Near Toronto Tue, 13 Jul 2010 view full story | ProLogis Amends Its Global Senior Credit Agreement Tue, 06 Jul 2010 view full story | Source: ProLogis | |