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Prologis publishes annual report on CEE activity

Industrial

Prologis, Inc., the global leader in industrial real estate, published its annual report for the CEE region yesterday.

Last year the company acquired the 37,500 sqm Prologis Park Budapest-Üllő, began construction and completed developments on the 7,540 sqm Prologis Park Budapest-Sziget, saw new leases in Prologis Park Budapest-Sziget for DB Schenker (26,630 sqm) and in Prologis Park Budapest-Gyál for Syncreon (22,080 sqm), as well as a renewed lease in Prologis Park Budapest-Sziget for UTi (20,600 sqm).

“We are very pleased with our performance last year, which led to our regional overall portfolio growing by 525,000 square meters to more than 4.1 million square meters,” said Ben Bannatyne, managing director and regional head of Prologis Central and Eastern Europe, adding that The Hungarian market has also improved and the occupancy rate in our portfolio has increased to 98%.”

Bannatyne added, “We believe this trend will continue in 2015 and therefore expect that speculative facilities in these markets will be well-timed. We will continue to focus on increasing occupancy levels in our current portfolio and monetizing our land bank in core markets in Poland, the Czech Republic, Slovakia, Hungary and Romania.”

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