PROLOGIS LEASES 7,200 SQUARE METERS TO GEBRÜDER WEISS IN HUNGARY

ProLogis (NYSE: PLD), the world’s largest owner, manager and developer of distribution facilities, announced today that it has leased  7,200 square meters of space in Hungary to  Gebrüder Weiss, the largest, family-owned transport and logistics service provider of Austria with operations in Europe, Asia and the United States.

Gebrüder Weiss will lease space in building #6 at ProLogis Park Budapest-Sziget;
a state-of-the-art logistics park located 15 kilometers south of Budapest. The company plans to operate the space as a regional distribution center, service its growing base of customers in central Europe. 

 “We are very happy to be leasing distribution space to Gebrüder Weiss in Hungary,” said László Kemenes, ProLogis’ vice president Hungary. “Gebrüder Weiss is one of Europe’s leading logistics companies, and we are proud to be serving as their facilities provider at this location.”

“Our aim is to expand in the Central Eastern European region, so Gebrüder Weiss continues its intensive investment and development program in Hungary” said Balázs Bencsics, logistics manager at Gebrüder Weiss. “We have selected ProLogis for our expansion because they understand our logistics facilities requirements and guarantee high quality, reliable warehouse solutions.”

ProLogis Park Budapest-Sziget is connected to the national and international traffic network by the M0 motorway on the southern border of Budapest. The M0 motorway provides fast and efficient access to the international airport and to the M1, M7 and M5 motorways, thus offering a strategic location for distribution activities. ProLogis Park Budapest-Sziget currently consists of six buildings totalling over 101,400 square meters of warehouse and office space.

Other ProLogis Customers at ProLogis Park Budapest-Sziget: Schneider Electric, NCR, Filtrona, Quadrant, Transped, Rhenus, KS, Uti Hungary, DHL, ADR Logistics.

As of June 30, 2008, ProLogis’ platform in Central and Eastern Europe totaled more than 3.3 million square meters of industrial space owned, managed or under development, concentrated in key markets in Poland, Hungary, Romania, the Czech Republic and Slovakia.


About ProLogis
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 132 markets across North America, Europe and Asia. The company has $40.4 billion of assets owned, managed and under development, comprising 50.4 million square meters in 2,884 properties as of June 30, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com.




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