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Prologis Increases Logistics Portfolio by 17% In Europe to 18.7 Million m2

The company renewed leases totalling 747,765 m2 in the year to March, while 187,954 sqm were new leases, an increase of 34.8%.

Prologis nave industrial logistica fuente Prologis 1024x683 1
Interior of one of Prologis’s warehouses.

Prologis Europe Group is benefiting from the furore in the global logistics sector, driven by the effects of the pandemic. The company has renewed leases on the European continent for a total area of 747,765 m2 in the year to March. Of this, 187,954 sqm were new leases, an increase of 34.8%.

“We have seen an increase in demand for fit-for-purpose and sustainable logistics spaces as confidence continues to improve,” Ben Bannatyne, chairman of Prologis Europe, said in a statement. The total portfolio has grown to 8.7 million square metres, including operational, development, saleable, and other and value-add acquisitions/conversions.

He added: “Our total leasing activity for Prologis Europe increased by 17.4% compared to the same period last year, with 34.8% growth in new leases.

Read the full article in Spanish

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