Prologis, the global leader in logistics real estate, has signed leasing contracts for 731 000 square meters of warehouse and production space across its four Central European markets: Poland, Czech Republic, Slovakia and Hungary.
With the high leasing activity, Prologis beat the occupancy average in the four markets.
In Poland, its occupancy level surpassed 95%, with the market average of a bit more than 92% according to the Polish Commercial Real Estate Association. In Czech Republic, the leading real estate company has signed leasing deals for 295 000 square meters, reaching occupancy level of 98%. Prologis in Hungary secured deals for 113 000 sqm which pushed its occupancy as much as 10 percentage points above the market average with 97% of its space occupied. The strong occupancy is also withheld in Slovakia with 95% of the space leased.
Among the largest agreements signed by Prologis was a contract with Ligentia, a leading provider of supply chain management services, which extended its cooperation and leased additional space at Prologis Park Poznań II. In total, the agreement covers 40,000 square meters. Another example of a major deal was a contract with Ennoconn. The global manufacturer of industrial IT systems extended a contract for 40,000 sqm in Prologis Park Budapest-Sziget. Prologis also secured a major lease in Chorzów, where Moto-Profil, one of the largest distributors of automotive parts and accessories, extended the lease for a 60,000-square-meter facility.
“These outstanding results across Central Europe once again highlight the expertise of the Prologis team in all four countries,” said Paweł Sapek, SVP, Regional Head Central Europe at Prologis. “We’re especially proud to be outperforming the market average occupancy in every country in the region where we operate. This demonstrates that both our customers and the broader market value the quality of our properties and services. These results are even more remarkable given the economic uncertainty that marked the beginning of the year across the world”.