“We saw a solid third quarter in our European business. Occupancy remained high, driven by demand and the quality of our portfolio and customer service. In this evolving macroeconomic environment, we are more focused than ever on anticipating our customers’ needs, especially around energy, labour and sustainability," says Ben Bannatyne, President, Prologis Europe.

Among operating performance highlights, we note a total leasing activity exceeding 2, 8 million square metres of both new leases and renewals.  Twelve new building projects started, comprising of almost 300K square meters rentable areas and an acquisition of 144 buildings with a total net rentable area of 1,2 million square metres.

The Swedish market has also delivered a stable quarter.

”We continue to keep our portfolio fully leased," says Gunnar Gillholm, VP, Country Manager Nordics. "During the quarter we have also strengthened our presence in the important Stockholm region to further our expansion in Sweden."

Read more about Prologis Q3 in Europe here