January 2017 – Kinstellar has advised its client Prologis (on behalf of Prologis European Properties Fund II) on the acquisition of the M0 Central Business Park, located at Szigetszentmiklós, M0 ring road. The logistics park comprises 31,000 sqm of leasable area, 100% leased by strong international tenants.
The Kinstellar team was led by partner Anthony O’Connor and comprised managing associate Ákos Mátés-Lányi and junior associate László Palócz. Kinstellar advised Prologis on all aspects of the transaction, including due diligence, the structuring of the transaction and negotiation of the transactional documentation.
Anthony O’Connor comments: “We are extremely happy to have supported our client Prologis in this important strategic transaction. Advising in this project was an excellent opportunity for Kinstellar to build on our experience advising clients in the industrial logistics sector”.
Prologis is a global leader in industrial logistics real estate across the Americas, Europe and Asia. Prologis' portfolio in Hungary totals more than 640,000 square metres of warehouse space and includes eight parks (39 buildings) located in the greater Budapest area (Gyál, Harbor Park, Százhalombatta, Szigetszentmiklós, Üllő, Páty, Budaörs) and Hegyeshalom. With such a large portfolio, Prologis is the leading distribution space provider in Hungary, having one of the highest market share of existing industrial space.
For more information please contact Anthony O’Connor, Partner, at .