Prologis increases occupancy in European assets

by   CIJ News iDesk II
2017-01-26   11:01
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Prologis Europe ended the fourth quarter with 96.7 percent occupancy, an increase of 90 basis points over the course of 2016. The company signed new leases and renewals totaling 718,200 sqm in Q4 and 3.5 million sqm for the whole year, up 54 percent from 2015.
“2016 was our strongest year yet for leasing, which contributed to our highest-ever occupancy in Europe,” said Ben Bannatyne, president of Prologis Europe. “In spite of political shocks, customers remain focused on the long-term and sentiment remains positive. This has fueled broad-based demand, led by the general retail and automotive sectors.”