Prologis buys two warehouses from Invesco

Prologis purchased two logistics facilities, one in Poland and one in Hungary, from Invesco Real Estate. The value of the deal was not disclosed. The portfolio totals 94,200 sqm and is fully leased for an average term of 6 years. The property in Gliwice, Upper Silesia, Poland, comprises 56,700 sqm and will be renamed Prologis Park Gliwice. The building, situated near the intersection of the A1 and A4 highways is leased by Tesco. The property in Hungary is located in Budapest and is occupied by Auchan. “These two properties leased to premium customers are exciting additions to the Prologis portfolio in Poland and Hungary. Both are in key locations on major commercial routes that are growing in importance due to an increase in intra-regional trade in Central & Eastern Europe”, said Ben Bannatyne, regional head for Prologis Central & Eastern Europe.