Prologis Europe signed new leases and renewals totalling 1.1 million sqm in the first quarter of the year, pushing its occupancy to 96.7 percent. The company’s portfolio at the end of Q1 totaled 16.8 million sqm across Europe. “Customer sentiment remains positive, supply of modern stock is in check and demand is consistent across most markets,” said Ben Bannatyne, president of Prologis Europe. “The consolidation of two European funds — European Logistics Venture 1 and Prologis Targeted Logistics Fund — in January further streamlines our strategic capital business. The launch of our UK Logistics Venture with CBRE GIP is an important milestone for continued growth in the UK.”
