Third Quarter 2022 Activity of Prologis Europe

Prologis Park Wroclaw

This summary includes Prologis’ operating Q3/2022 performance highlights and insights into select milestones and achievements.

Quote from Ben Bannatyne, President, Prologis Europe:

“We saw a solid third quarter in our European business. Occupancy remained high, driven by demand and the quality of our portfolio and customer service. In this evolving macroeconomic environment, we are more focused than ever on anticipating our customers’ needs, especially around energy, labour and sustainability.”


Operating Performance – Third Quarter 2022:

Total leasing activity: 2,810,211 square metres:

*includes operating, development, held for sale, other and VAA/VAC
** based on lease start date

Leasing Highlights:

Capital Deployment – Third Quarter 2022

Q3 Development Starts:

There have been 12 new starts in the third quarter, comprising a total net rentable area of 296,658 square metres in the Czech Republic, France, German, Italy, Poland, Slovakia, Spain and the United Kingdom. There were four notable build-to-suits covering 52,604 square meters and eight speculative developments totalling 244,054 square meters in direct response to growing customer demand.

Q3 Acquisitions:

This quarter, Prologis Europe acquired 144 buildings with a total net rentable area of 1,155,158 square metres in gateway markets in Belgium, France, Germany, France, Italy, the Netherlands, Poland, Spain and the United Kingdom as well as two land parcels with a combined total area of 198,987 square metres in France and Slovakia.

Additional insight from Ben Bannatyne, president, Prologis Europe: