ARTICLES LABELLED WITH TAG Prologis

Prologis announced full-year 2016 activity for its business in Central and Eastern Europe. The company leased 1.8 million sqms in the region. New lease agreements accounted for 700,000 sqm and lease renewals for 900,000 sqm, with the balance short-term agreements. The CEE portfolio occupancy rate was a record 96.4 percent. 

Prologis announced fourth quarter and full year 2016 activity in Europe. Prologis Europe ended the fourth quarter with 96.7 percent occupancy, an increase of 90 basis points over the course of 2016. The company signed new leases and renewals totalling 718,200 square metres in the fourth quarter and 3.5 million square metres in the full year 2016 – an increase in volume of 54 percent over 2015.

Prologis has announced that Prologis European Properties Fund II (PEPFII) has acquired M0 Central Business Park in Hungary from IDI Gazeley. Two newly acquired, 100 percent let, facilities totalling 31,443 square metres will become part of the adjoining 98-percent let Prologis Park Budapest-Sziget, which currently comprises seven buildings totalling 150,000 square metres.

Prologis has completed the construction of a 22,200 square metre build-to-suit (BTS) facility for Arvato Polska leader in terms of complex outsourcing services at Prologis Park Stryków. CBRE facilitated this transaction. It is the second BTS project Prologis has launched this year at the park, and the third in Central Poland.  In the second quarter, Prologis started the construction of a 42,000 square metre facility for Agata at Piotrków Trybunalski and an 11,740 square metre BTS for German logistics operator Geis.

Prologis has begun construction of a speculative facility totalling 11,400 square metres at Prologis Park Wrocław V. Scheduled for completion in the second quarter of 2017, the building is already 100-percent pre-leased, just one month after the start of construction.

Prologis has signed a new lease agreement for 13,800 square metres and will deliver two new facilities totalling 21,000 square metres at Prologis Park Budapest-Sziget for Waberer’s. The transactions with new customer Waberer’s include 13,800 square metres at DC7A, a 21,500 square metre speculative facility that is now fully let two months after completion and 21,000 square metres at DC7B and DC8 to be developed to the customer’s specifications and scheduled for completion in the second quarter of 2017. 

Prologis has signed six lease agreements totalling 33,730 square metres at Prologis Park Chorzów, Prologis Park Dąbrowa and Prologis Park Będzin II.

Prologis has started construction of a speculative facility totalling 9,200 square metres at Prologis Park Szczecin. The building is 60 percent pre-let to an international furniture company, which will occupy a total of 19,600 square metres in the park, including space in the new development. The building is scheduled for completion in the first quarter of 2017.

Norway’s sovereign wealth fund has acquired a 50 percent interest in a logistics portfolio comprising eight buildings and developable land in Poland, the Czech Republic and Hungary, in a joint venture with Prologis. During the same period, three logistics properties in France have been sold.

Prologis has signed two new lease agreements totalling 15,750 square metres at Prologis Park Teresin.