Prologis Signs More Than 169,000 Square Meters as of the end of April 2016 in the Benelux
AMSTERDAM (May 17, 2016) – Prologis, Inc., the global leader in logistics real estate, today announced it has signed lease agreements totaling approximately 169,000 square meters as of the end of April 2016.
The agreements comprise new leases and renewals at multiple locations in the Benelux.
The lease agreements were signed with existing and new customers in Tilburg, Schiphol, Rotterdam, Waalwijk, Roosendaal and Moerdijk. The new leases total 46,920 square meters and the renewals total 91,886 square meters. In Belgium, Prologis signed on Boom and Bornem to both new leases and renewal agreements, for a total of approximately 30,000 square meters. In comparison, in the Benelux in 2015, Prologis signed lease agreements totaling 454,453 square meters.
“We have seen an active first quarter in the Benelux, with strong demand and supply that remains scarce,” said Bram Verhoeven, country manager, Prologis Benelux. “As a result, our occupancy rate increased in the Benelux, Europe and globally. We offer our customers flexibility of scale and are excited to expand further to offer Class-A distribution facilities at strategic locations throughout the region. For example, in Eindhoven we just delivered a new facility for XPO but have another 100,000 meters of extra space available to expand for existing and new customers.”
In Europe, Prologis ended the first quarter of 2016 with a high 95-percent occupancy rate, similar to year-end 2015.. The total operating portfolio was 15.4 million square meters at quarter-end. Benelux locations are among the European markets with the strongest customer demand, and include Rotterdam and the southern part of the Netherlands.
Prologis is one of the leading providers of logistics real estate in the Benelux, with approximately 1.9 million square metres of logistics and distribution space as of March 31, 2016.