Prologis – a global owner, operator and developer of distribution facilities – signed three new lease agreements in the third quarter of 2012 for a total of 31,000 square meters at two distribution parks in the Warsaw region.
The new lease agreements include:
- 18,400 square meters in building one at Prologis Park Błonie II leased to Tradis, a company belonging to the Eurocash Group, a nationwide company distributing food, chemical and cosmetic products. Currently, Tradis leases 65,000 square meters in Prologis parks in Poland;
- 11,100 square meters in building two at Prologis Park Nadarzyn leased to Schenker Sp. z o.o., offering a full range of logistics services across Europe. The agreement was brokered by the Glob Nieruchomości agency;
- an additional 1,300 square meters at Prologis Park Błonie leased to a service industry company. Currently, this client occupies a total of 25,200 square meters in the park;
– Given the situation that has prevailed in the warehouse developer market in the Warsaw region for over three years, we are very pleased with the newly signed agreements – said Bartosz Mierzwiak, Vice President and Market Officer for Prologis in Poland. – Despite the supply exceeding demand in locations near Warsaw, our continuous focus on customer needs has resulted in a reduction of the vacancy rate in our Warsaw portfolio from 24.3% in the second quarter of 2012 to 15.7% in the third quarter.