In 2013, Prologis renewed 595,000 square meters’ worth of leases while signing into being contracts on 363,000 sqm in new rentals; further, the company reported an overall 89.5% occupancy rate for its CEE properties.
Significant new facilities reaching completion (and subsequent leasing) in the past year include four properties in Poland, headlined by over 71,000 sqm for three customers at the company’s own Prologis Park in Wrocław.
As for 2014, Prologis Central & Eastern Europe managing director Ben Bannatyne promised that “We will continue focusing on increasing occupancy within our current portfolio, as well as monetising our existing land bank in core markets such as Poland, the Czech Republic, Slovakia, Hungary and Romania, in line with our investment strategy.”
Prologis is considered the CEE market leader in distribution facilities, with over 3.6 million sqm owned in five countries.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
