Prologis firing on all cylinders

At the same time the developer is planning to reduce the vacancy rate in its facilities to below 5 pct. In 2015 the company’s Polish portfolio was occupied in 92.9 pct, slightly less than the company’s average for CEE, which amounted to 95.4 pct. “Polish warehouse market will grow dynamically this year, and we want to grow together with it preserving our 25-pct share in the market,” said Paweł Sapek, country manager at Prologis Poland. According to the company’s 2015 financial report, Prologis leased 837,700 sqm of warehouse space in Poland last year. In the Central and Eastern European countries in which Prologis is operating, the company leased a total of 1.75 mln sqm of space, which was close to the record set in 2014. The 2015 result was comprised of 618,000 sqm of new leases and 860,000 sqm of renewals, while the remaining leases were generated by short-term agreements. During the year Prologis developed nine buildings with a total of 197,000 sqm of