"FIEGE 150-year history proves that long-term relationships are paramount to any company. Today, building strong partnerships enables us to achieve stable growth in the quality of our supply chain. FIEGE is at the forefront of driving innovative, efficiency-enhancing solutions; an essential quality in today's rapidly evolving market. Prologis has proven to be an excellent partner in this regard, and through lengthy and open negotiations, we managed to reach an agreement that is beneficial for all parties, ensuring a future collaboration that is longer than the market average," said Péter Gábor Gulyás, Chief Operating Officer of FIEGE.

"We have completed an exciting, challenging, and inspiring process that has resulted in a partnership agreement that could serve as an example for the entire market. Prologis’ emphasis on a holistic approach, professional expertise, and an outstanding asset management strategy greatly helped in deepening our relationship with FIEGE through this deal. Since we share a profound emphasis on sustainability, we are particularly proud that the nearly 20-year-old building used by FIEGE can compete with the latest buildings being built today thanks to technical modernization undertaken by Prologis, and that it will be able to adequately serve our partner's needs in the long term," said Zsuzsanna Hunyadi, Leasing and Customer Experience Director for Prologis in Hungary, in describing the contract extension.

The contract extension process was supported by the 108 Agency.

Whether it’s implementing specific solutions to meet customers’ needs, getting to know what makes their business tick, or driving sustainable decision-making, trust is….Made in Prologis.