Across Europe, markets have stabilized as the impact of COVID-19 on logistics real estate has begun to dissipate, with strong investor demand for the sector driving yield compression.
Crisis precipitates change. COVID-19 has brought more than five years of evolution in the retail landscape into less than five months of time. Increased demand for high quality and infill logistics real estate is on the rise, stemming from the accelerated adoption of e-commerce and just-in-case inventory
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.
We’ve officially launched our Essentials Marketplace for Europe, a quick and easy procurement tool that saves our customers valuable time when setting up, expanding or upgrading their operations. Built on solid, service-first principles this online platform offers a raft of key warehouse interior products and fully managed instalment processes.
Prologis, the global leader in logistics real estate, raised standards in environmental stewardship, social responsibility and governance (ESG) across its global platform in 2019, which helped the company exceed a number of its stated ESG objectives according to its annual ESG Impact Report.
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.
