ARTICLES LABELLED WITH TAG Prologis

Prologis has completed the sale of a high-quality portfolio of buildings and land in Europe and the United States to a Singapour-based Mapletree for $1.1 billion.

Prologis celebrated the topping out of the first facility at its new Prologis Park Łódź. The roof progress means construction of the 16,500 square meter building is on track for completion in early 2019. The park has the development potential for three facilities totalling 93,000 square meters.

Prologis announced two appointments at its Central and Eastern European project management operations. The appointments are designed to enhance the company’s capabilities for developing complex projects within a specified budget and time frame.

Prologis has begun construction of a new 10,000 square meter speculative facility at Prologis Park Budapest-Harbor in Hungary. Completion is scheduled for the first quarter of 2019, just six months after the start of the development.

Prologis has begun construction of a new 38,620 square meter facility at its fast-expanding Prologis Park Prague-Airport.

Prologis has begun development of a Small Business Unit (SBU) facility totalling 13,000 square meters at its new Prologis Park Poznań III. The building is 14 percent pre-leased to Euro-net, the owner of RTV EURO AGD, a nationwide retail chain. Completion is scheduled for the fourth quarter of 2018.

Prologis Europe ended the second quarter with record occupancy at 97.2 percent, notably through improved demand in its Southern markets. During the quarter, the company signed 343,000 square metres of new leases and 631,000 square metres of lease renewals to its operating and development portfolio.

Prologis has begun construction of two new speculative facilities totalling 25,300 square metres at Prologis Park Bratislava. The developments include the 9,800 sqm Building 14, in which 2,900 square metres have been pre-leased by Blitshtein Trading, a food distributor to major markets in Central and Eastern Europe and the 15,500 sqm Building 20.

Prologis announced that Prologis European Logistics Fund (PELF) has acquired the 43,700 sqm Mountpark Pilsen in the Czech Republic.

Prologis announced the launch of construction of Prologis Park Brno, a new logistics park in the Czech Republic, with the first speculative development of 27,860 square metres. The building is scheduled to be completed in the third quarter of 2018.