Prologis' retail business set to increase in CEE

As demand among retailers for new, well-located distribution facilities continues to increase in Central and Eastern Europe, Prologis' retail business is also growing in the region, and currently represents about 30% of the global provider's total portfolio, says Bert Angel, ProLogis' senior vice president of Global Services in Europe. Angel told PropertyEU that several of the Denver-based group's largest clients in the CEE region are retailers such as UK's Tesco, German retailer Douglas' CEE brand Rossmann and France's Carrefour.

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