Prologis and FIEGE extend their nearly 20-year partnership

Prologis and FIEGE Transport and Logistics Ltd. have signed an agreement extending the lease of 18,000 square meters of space. The parties believe that their nearly two-decade partnership has been further deepened by a negotiation process that resulted in a model agreement promising further long-term benefits for FIEGE's operations.

"FIEGE's 150-year history proves that long-term relationships are the most important thing for any company. Today, building strong partnerships allows us to achieve stable growth in the quality of our supply chain. FIEGE is at the forefront of companies offering innovative, efficiency-enhancing solutions that are essential in today's rapidly changing market. Prologis has proven to be an excellent partner in this regard, and thanks to well-timed and open negotiations, we have reached an agreement that is beneficial to all parties, ensuring future cooperation longer than the market average" - said Péter Gábor Gulyás, Chief Operating Officer at FIEGE.

"We have completed an exciting, challenging and inspiring process that has resulted in a partnership agreement that can serve as an example for the entire market. Prologis' emphasis on a holistic approach, professional expertise and exceptional asset management strategy has significantly helped to deepen our relationship with FIEGE as part of this transaction. We place great emphasis on sustainable development. That is why we are particularly proud that the nearly 20-year-old building used by FIEGE successfully competes with the latest facilities and that it will be able to adequately meet the needs of our partner in the long term. This is possible thanks to the technical modernization carried out by Prologis" - said Zsuzsanna Hunyadi, Leasing and Customer Experience Director at Prologis in Hungary, describing the lease extension.

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