Prologis signed agreements for More Than 766,000 Square Meters in the Benelux

AMSTERDAM (January 28, 2016) – Prologis, Inc., the global leader in industrial real estate, today announced it has signed agreements totaling approximately 766,000 square meters at multiple logistics hotspots in the Benelux in 2015.

Prologis started developements of over 197,000 square meters in 2015 and in addition acquired that year 118,696 square meters of modern distribution facilities on strategic logistics locations in Moerdijk, Eemhaven, Nieuwegein and Fokker Logistics Park Schiphol.

On the operating portfolio Prologis closed 454,453 square meters of lease agreements with new and existing customers. “We made very good progress last year. We have initiated various development projects, our occupancy rate rose again and we are keen on expanding on strategic locations for our customers. In Venlo for example we recently have agreed upon a new long term lease contract in our speculative development project. Our portfolio is still offering our customers growth possibilities to expand even further with state-of-the art facilities by either direct availability like we have in Venlo or with one of our development plans,“ said Bram Verhoeven, country manager Prologis Benelux.

In Europe Prologis showed strong figures as well. The fourth quarter ended with 95.8 percent occupancy, an increase of 90 basis points over the course of 2015.

Prologis is one of the leading provider of industrial real estate in the Benelux, with approximately 1.8 million square metres of logistics and distribution space as of December 31, 2015.