Prologis Europe notches up record occupancy

Prologis’ European business has reported a record take-up level of 98% at the end of its financial year. For the full year to the end of December, the industrial specialist owned and had investments in real estate totalling 32.9m sq ft in Europe. During Q4, the company signed 2.2m sq ft of new leases and an additional 4.1m sq ft of lease renewals. Full-year 2018 building disposals totalled 18.8m sq ft, while land sales comprised 14.9m sq ft. These included the sale of a $1.1bn (£853m) logistics portfolio to Singapore’s Mapletree Investments. The company’s building acquisitions for the full year