Prologis ECE has leased out spaces totaling more than 387,000 sqm, 57% more than in the same period in 2013. Leases in Poland account for more than 38% of the contracts in the region. The company signed new leases for a total of 178,000 sqm and renewed contracts for 173,000 sqm, while the reminder were short-term contracts.
Prologis’ biggest new leases were in Hungary (22,080 sqm), Romania (16,147 sqm), Czech Republic (12,681 sqm) and Poland (7,473 sqm), the company said in a statement Monday.
The company’s vacancy rate in Central and Eastern Europe stood at 7.7% at the end of the third quarter.
Prologis has a portfolio totaling 4.1 million sqm in Poland, Czech Republic, Hungary, Slovakia and Romania.
It is one of the world’s largest developers of industrial and logistics parks. In Romania, it owns the Prologis Park Bucharest A1 project, located near the Bucharest-Pitesti motorway.
Prologis Park Bucharest A1 consists of four buildings, totaling 107,000 sqm, and the company’s land in the area allows for the construction of 186,000 sqm more of such spaces.
Logistic E van Wijk is a European provided of integrated transport and logistics services, with branches in Romania, the Netherlands and Ukraine. It was founded in 1949 in the Netherlands, has a fleet of over 300 trucks and covers the main markets in Europe.