
Prologis 2021: European Q4 and Full Year Performance and Activity
Corporate News
Prologis Europe’s fourth quarter and full year 2021 activity. This summary includes operating performance highlights and insights into select milestones and achievements.
Ben Bannatyne, President, Prologis Europe:
“Our Europe business had a record-breaking fourth quarter and year. Demand for logistics space is at an all-time high, with new starts - led by build-to-suits - on the rise. Rents continue to rise as supply tightens and customers look to increase the resiliency of their supply chain. Prologis provides the best properties in the most desirable markets, powered by our global scale and focus on innovation, technology and data centricity. Our success is driven by our focus on our customers’ needs and the value we deliver that goes well beyond our real estate.”
Gunnar Gillholm, VP, Country Manager, Prologis Nordics
“The Nordic market can look back on an intense 2021. We opened a new office in Stockholm, expanded our team with new highly qualified employees, acquired over 55,000 square meters of land, built close to 90,000 square meters of logistic space and renewed leases with several large customers, which leaves us with a historically high occupancy rate. But most importantly in 2021 our customer satisfaction showed an all-time high. Results that confirm our approach of putting our customers and their needs at the center of our actions.“
Operating Performance – Fourth Quarter and Full Year 2021:
*includes operating, development, held for sale, other and VAA/VAC
** based on lease start date
Leasing Highlights Full Year:
Capital Deployment – Fourth Quarter and Full Year 2021:
Development Starts:
Acquisitions and Dispositions:
Funds:
Additional commentary from Ben Bannatyne, President, Prologis Europe:
2021 was a record year across all of our European markets. We leveraged our global scale and expertise to deliver on our commitments to our customers and investors. In addition to helping meet their desire for quality logistics properties, our wrap-around services, including our Essentials marketplace, helped our customers increase the efficiency and effectiveness of their operations.
Market conditions have challenged us to continue to explore and deliver high-quality, creative infill solutions to supply the space our customers need. Our acquisition of a 548,200 square meter portfolio in Berlin and the Rhine-Ruhr region underscores our strategy of establishing a strong presence in the world's most dynamic metropolitan areas.
As we work to ongoing demand for more industrial space, we are focused on the dual goals of unlocking core land for logistics use while taking into account the well-being of our communities. As a responsible business partner and a good neighbour, Prologis:
With our drive toward innovation, focus on our customers’ success and ability to shift from responsiveness to readiness, we have met persistent disruption in the supply chain head-on. We are excited about our future as we continue to expand our footprint in the world’s most desirable markets while delivering value for our customers in the properties we lease as well as the services and solutions we deliver that go beyond the real estate.
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