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Prologis, Inc. announced full-year 2015 activity in Central & Eastern Europe (CEE)

The company leased 1.75 million square metres in 2015, which is similar to 2014’s record-breaking figure. New lease agreements accounted for 618,000 square metres and lease renewals for 860,000 square metres, with the balance short-term agreements. Demand continues to be driven by reconfiguration of the supply chain, trade and
e-commerce.

Prologis ended the fourth quarter with a very high 95.4 percent occupancy of the company’s operating portfolio, confirming the stabilisation of the market and strengthening of Prologis' position in CEE. Importantly, Prologis achieved one of the highest customer retention rates in CEE in the company's history, amounting to 87 percent at the end of 2015.

At year end, the company’s operating portfolio was 4.17 million square metres, an increase of 4 percent over the course of 2015, despite the disposal of Prologis Park Bucharest A1, which totalled 107,000 square metres. Adding developments and value-add acquisitions, the portfolio was 4.33 million square metres at the end of 2015.

Notable new leasing activity included:

  • 29,000 square metres for Globus at Prologis Park Prague-Jirny
  • 31,000 square metres for DHL at Prologis Park Prague-Jirny
  • 26,500 square metres for an e-commerce company at Prologis Park Poznań II
  • 25,400 square metres for a German automotive company at Prologis Park Bratislava
  • 15,900 square metres with a global leader in design, manufacturing, distribution and aftermarket services at Prologis Park Budapest M1

In 2015, Prologis started 10 developments in undersupplied markets across the region. Totalling 200,000 square metres, 46 percent of the development space was build-to-suit and 54 percent was speculative. The majority
of the developments were in existing Prologis parks located in core logistics markets.

Development starts included:

  • 30,000 square metre build-to-suit facility for Pepco at Prologis Park Rawa
  • 29,000 square metre build-to-suit facility for Globus at Prologis Park Prague-Jirny
  • 27,650 square metres speculative facility at Prologis Park Szczecin (DC3)
  • 25,400 square metre build-to-suit facility for  a German automotive company at Prologis Park Bratislava
  • 19,200 square metre speculative facility at Prologis Park Bratislava (10B)

In 2015, Prologis delivered nine facilities, including four buildings started and completed in the same year, totalling 197,000 square metres. Completed developments included:

  • 46,000 square metres in three speculative facilities at Prologis Park Bratislava
  • 31,700 square metres for Mall.cz at Prologis Park Prague-Jirny
  • 31,200 square metres for Červa at Prologis Park Prague-Airport
  • 30,000 square metres of speculative space at Prologis Park Prague-Airport (DC1)
  • 27,650 square metre speculative facility at Prologis Park Szczecin (DC3)

In 2015 Prologis acquired six buildings, totalling 97,000 square metres, and 14 hectares of land in the Czech Republic and Hungary. These acquisitions were in line with the Prologis strategy of investing carefully in global markets. During the year Prologis sold portfolio in Romania totalling 107,000 square metres.

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