Second quarter 2023 activity | Prologis Europe & Central Europe

Prologis Europe shared a recap of its second quarter 2023 activity. This summary includes operating performance highlights and insights into select milestones and achievements.

Ben Bannatyne, President, Prologis Europe:
“Our European portfolio continues to be in high demand with an occupancy rate of 98.2% and rent growth of over 26% across the 12 markets where we operate. Due to our scale and size, we continue to support our customers on their decarbonisation journey with solutions from our Essentials platform, such as solar and storage, to fleet electrification and workplace charging, allowing them to focus on growing their business. These opportunities and our robust landbank provide continued long-term growth.” 

Operating Performance – Second Quarter 2023:

* includes operating, development, held for sale, other and VAA/VAC
** rent change is based on commencement dates

Leasing Highlights:

Capital Deployment – Second Quarter 2023

Q2 2023 has seen a total of 103,720 sqm development starts across six sites across Europe.