Prologis said announced it signed new fourth-quarter lease agreements in Europe totalling 35,100 m[sup]2[/sup] of its development portfolio.
Prologis said announced it signed new fourth-quarter lease agreements in Europe totalling 35,100 m2 of its development portfolio.
The deals included 9,700 m2 leased to a leading German retailer with operations in 25 countries worldwide. The retailer will occupy the space at Prologis Park Neuenstadt Building One in south-western Germany.
Plenty Market, a retailer of general consumer products, is taking 7,500 m2 at Prologis Park Bologna in Italy, while a third-party logistics provider has agreed to lease 6,300 m2 at Prologis Park Clesud Building Seven in southern France.
'We are very pleased to announce continued leasing activity in our European portfolio,' said Philip Dunne, Prologis president in Europe.
'We are seeing signs of stabilisation in the market, and with well-located, high-quality and modern distribution space throughout Europe, Prologis is positioned well to both capture new business and continue to serve the ongoing needs of our customers,' he said.
