First Quarter 2023 Activity Prologis Europe

Quote from Ben Bannatyne
President, Prologis Europe:

“Demand for high quality, tailored and sustainable logistics space continues to be strong with an occupancy of 98.6% and rent change of 26.5% in the past quarter across the 12 European markets we operate in. Given the macroenvironment, we continue to operate our business with a degree of caution. Our very strong balance sheet continues to provide flexibility to capitalise as opportunities arise, strengthening our built-for-the-future approach to stay ahead of our customers’ needs.”