Prologis, the global leader in the logistics real estate market, closed 2024 with strong results. Over the past year, the company signed more than 70 lease strengthening agreements covering 472,000 m² of modern warehouse and production space. It also extended the vast majority of contracts that were set to expire in 2024.
Prologis remains active in the development sector as well. Over the past year, it acquired additional land in the Warsaw region and commenced construction of new production and warehouse facilities.
Preparing for New Developments
In 2024, Prologis consistently pursued its growth strategy in key areas of Poland. As part of its expansion in the Warsaw region, the company acquired 23 hectares for the construction of Prologis Park Nadarzyn II—a modern logistics and production complex with a total area of 117,000 m². Strategically located just 31 km from the capital’s center and located by the S8 route, the park is set to become a crucial hub for the Warsaw metropolitan area and the entire country.
In addition to newly acquired land, Prologis also holds fully developed areas where over 346,000 m² of warehouse or production space can be developed in a short timeframe. The company has ready-to-build sites in Poznań, Wrocław, Stryków, Ruda Śląska, and Ujazd, which is located within a special economic zone.
New developments in Łódź and Upper Silesia
Prologis has strengthened its presence in Łódź, launching the construction of a 41,535 m² modern warehouse for DP World at Prologis Park Łódź. The facility will serve as a distribution center for Dell Technologies, supporting 25 countries across Europe.
The company has also expanded its portfolio in Upper Silesia. In the fall, Prologis completed an 11,500 m² warehouse for a parcel locker network operator. Additionally, in May, construction began on a 37,000 m² warehouse and production facility, scheduled for completion in Q1 2025.
"The year 2024 was a period of stable growth and strategic project execution for Prologis, further solidifying our position in the logistics real estate market. We continue to expand our operations in key locations with the greatest potential. All our investments are carefully planned to meet real market demands and the needs of our customers. Projects such as Prologis Park Nadarzyn II and our new facilities in Łódź and Ruda Śląska are prime examples of this approach," said Paweł Sapek, Senior Vice President, Regional Head of Prologis in Central and Eastern Europe.
Customers Stay with Prologis Longer
In 2024, Prologis achieved a high retention rate of over 80%, meaning that the vast majority of expiring warehouse and production space lease agreements were renewed, with customers choosing to continue their partnerships with Prologis.
"Renewing over 80% of expiring contracts confirms the high quality of both our assets and customer service at Prologis. We support our partners at every stage of our collaboration—from the initial move-in process to their daily operations within our facilities. In addition to offering top-tier warehouses and production spaces, we provide a range of additional services through our Essentials platform. Customers can choose from a broad selection of solutions, from simple ones like leasing racking systems or forklifts to more complex projects, such as the installation of electric vehicle chargers," added Paweł Sapek.