- 1.6 million square metres of leased space
- 9 new development starts
- 15 buildings delivered
The company leased 1.6 million square metres in CEE. New lease agreements accounted for just over 500,000 square metres and lease renewals for more than 1 million square metres, with the balance short-term agreements. The CEE portfolio occupancy rate was a record 97.4 percent.
At year-end, Prologis’ CEE operating portfolio was 4.4 million square metres.
Notable new leasing activity included:
It was fitting that Prologis should celebrate its 20th anniversary in Europe with another strong year for our business. Occupancy reached a record 97.4 percent as the volume of lease renewals surged by 11 percent above 1 million square metres – a distinct sign that our customers value our well-located, high-quality facilities and superior property management services.
Martin Polak, senior vice president, regional head, Prologis CEE
Prologis acquired 81.59 hectares of land for Prologis Park Bratislava and a further 12.75 hectares for its new park, Prologis Park Nitra, in Slovakia. During 2017, Prologis sold 10 facilities totalling 365,440 square metres and 25.86 hectares of land located in Poland, Slovakia and the Czech Republic.
Building 18, constructed for the leading Czech sports retailer Sportisimo at Prologis Park Prague-Rudná, became the first logistics facility in the Czech Republic to receive BREEAM’s highest accreditation rating of Outstanding. This is only the second such building in Central and Eastern Europe to receive this rating.
Prologis in Poland
In 2017 the company leased a record 940,800 square metres and ended the year with occupancy of 96.2 percent. The company delivered five buildings totalling 93,000 square metres and began the development of a new build-to-suit project totalling 8,260 square metres.
We are entering 2018 with strong momentum. Three new parks are set to be developed and we will finalise the implementation of Singu FM – an electronic system for real estate management and technical support of our facilities in all logistics parks across Poland. These projects will further strengthen our real estate portfolio and help us maintain our leadership position in the Polish market.
Paweł Sapek, senior vice president,country manager,
Account Director at ConTrust Communication