Key leases were: 19,523 square meters in Prologis Park Neustadt, DC1, Nuremberg, Germany; 11,297 square meters in Prologis Park Bologna Interporto, DC5, Italy; 11,020 square meters in Prologis Park La Granada, DC1, Barcelona, Spain and 10,284 square meters in Prologis Fokker Park, DC3B, Amsterdam, Netherlands. 100% of Prologis Europe's development in the first quarter (101,389 square meters) consisted of bespoke buildings (BTS).
In the first quarter, Prologis Europe's portfolio grew by four buildings with a total net leasable area of 44,371 square meters in Belgium, France, the Netherlands and the United Kingdom. In the United Kingdom, the company also acquired two plots of land with a total area of 112,503 square meters.
Central Europe and Slovakia
The total Central European portfolio was 4.34 million square meters (Poland, Czech Republic, Slovakia, Hungary), of which 415,150 square meters in Slovakia. The total occupancy in the region was stable in the first quarter of 2021 - it reached the level of 94.2% (in the same period last year it represented 95.2%). In Slovakia, it reached 95.4% (compared to 91.1% at the end of the first quarter of 2020).
Rental activity in the Central European region covered 446,115 square meters in the first quarter, which is 15% more than in the same period last year. Leasing activity was: 131,700 square meters of new leases and 219,700 square meters of extended leases. Leases have been signed on the Slovak market for premises with an area of 37,740 square meters.
Distribution of capital
In the first quarter, construction began on three new buildings in Poznań, Wrocław and around Prague with a total area of 70,000 square meters. All new development was made to measure. In the Polish parks Prologis Park Janki and Prologis Park Ruda Śląska, two custom buildings with a total area of 84,600 square meters were completed.
"Three of our four new European developments with a total area of 70,000 square meters are located in the Central European region. We also signed 15% more leases year-on-year. At the same time, we have strengthened our Customer Experience Team to ensure high quality services that go beyond the four walls and roof of our warehouses. ”
According to Ben Bannatyn, President of Prologis Europe, they delivered high operating performance in the first quarter of 2021. They have seen an increase in demand for tailor-made and sustainable logistics facilities, which is related to improving customer sentiment and their interest in specific solutions that meet the future needs of their supply chains. "Prologis Europe's total leasing activity increased by 17.4% compared to the same period last year and 34.8% of new leases increased year-on-year."
As a result of the pandemic, the impact of structural trends has increased, which have forever changed the logistics real estate market. Prologis' position in the market is good and the company is increasingly committed to helping customers stay ahead of the future.
Source:// Systémy logistiky