News Article CEE development industrial logistics Prologis report
by Property Forum | Industrial

2019 saw the completion of 8 Prologis buildings in CEE with a total area of 189 000 square meters, whereas development starts totalled 200,000 square meters. Prologis shared it 2019 results and achievements for Central Europe.

"For Prologis in Central Europe, 2019 was defined by customer focus. By leveraging the advantages that come from our global scale, we have continued to provide customer solutions that address their pain points, specifically in the areas of sustainable development, wellbeing and operational excellence", said Paweł Sapek, SVP, Regional Head for Central Europe at Prologis.

Operating activity

  • Total operating regional portfolio size reached 4.2 million square meters (Poland, Czech Republic, Slovakia and Hungary) with 1.8 million square meters in Poland.
  • Leasing in 2019 totalled 1.25 million square meters, of which 57% (708,00 square meters), was in Poland. New leases accounted for 491,000 square meters, renewals for 583,000 square meters.
  • Prologis achieved a high occupancy rate in Poland at 94 percent.

Investment activity

  • Development starts in Central Europe totalled 200,000 square meters (7 buildings), 78% of which were in Poland (4 buildings with a total area of 160,000 square meters).
  • 2019 saw the completion of 8 buildings with a total area of 189 000 square meters, including 3 buildings on the Polish market with a total area of 71 000 square meters.

ESG achievements

  • Prologis was named the most sustainable real estate company on the 2020 Global 100 Most Sustainable Corporations list. Prologis was ranked 6th amongst American companies and 26th overall
  • Prologis Park Prague-Airport received a BREEAM Outstanding certificate, in addition to five other BREEAM accreditations in Poland and the Czech Republic
  • A research paper on ‘Top Solutions to Source, Train and Retain Labour in Logistics Facilities’ was published.
  • The company implemented its European PARKLife project, centred around the people who work in its facilities, the buildings and park communities.

Business and innovation achievements

  • The developer continued its strategy of selective development in key markets, including Upper and Lower Silesia, Central Poland, Poznan and Warsaw area.
  • Prologis implemented programs that reduce environmental impact and improve wellbeing at its facilities, like LED upgrade plans, recreational and green space development.
  • It also incorporated solutions to improve warehouse management and customer service, such as BIM modelling and smart metering to optimize operational activities.