GLP, a leading global investment manager in logistics real estate, digital infrastructure and renewable energy, has been operating in Central Europe for nearly three years.
Prologis Europe has significantly scaled up its urban offering across the continent with more than a million square meters of core logistics space. On behalf of its open-ended vehicle PELF the company has acquired 128 buildings and 6 developments in key urban gateway locations from last-mile operator Crossbay
CTP has started the construction of solar power plants across its entire portfolio, with the first phase of 6 buildings to be installed in Biatorbágy and Üllő.
Zsuzsanna Hunyadi, Prologis Hungary’s leasing and customer experience manager, believes the logistics market has undergone explosive development over the last year and that, despite warehouses operating with almost 100% occupancy, forward-thinking logistics space providers must continually seek out the cornerstones of long-term success.
The gross lettable area of industrial locations operated by CTP has passed 6 million square meters. The growth has continued due to long term trends of increasing e-commerce and supply chain relocations, supported by the covid-19 crises
Paweł Sapek, Prologis' senior vice president and regional head for Central Europe, is particularly optimistic about Hungary's role in the region's logistics market. A gradual transition to e-commerce will benefit the sector, but this is not the time for rest: tenant needs will change, while acquiring and retaining human resources is one of the most difficult tasks for customers. – He says. We also discussed about coronavirus, new services, and new opportunities opened up by diversification.
As a result of the comprehensive certification process covering the entire portfolio of the company - nearly 300 buildings in 6 countries -, all of CTP's properties in Hungary have received BREEAM In-Use certification, and 4 buildings have earned an Excellent rating. Therefore, CTP has achieved both in Hungary and on regional level a unique result in terms of the quality ratings of their buildings.
Prologis, the global leader in logistics real estate, reported its first quarter 2020 earnings results on April 21, 2020. The company’s leadership team noted that it had entered the COVID-19 period in a position of strength, with significant liquidity and borrowing capacity.
