This August 31st, #prologispeople will unite once again for the tenth year in a row to participate in Stelvio for Life. Our international team of 60 members are gearing up to hike, run, or bike the 21 km route, ascending 1,533 meters up Italy’s iconic Passo dello Stelvio. This collective effort is all in support of transformative cancer research.

Jessica Pilkes, previously Vice President and Country Manager for the Benelux, has been appointed as Head of Asset Management Northern Europe. In her new role she is responsible for Prologis’ operations across the Northern European region.

Introduced in 2015, the Prologis Logistics Rent Index examines trends in net effective market rental growth in key logistics real estate markets in NorthAmerica, Europe, Asia and Latin America. Our proprietary methodology focuses on taking rents, net of concessions, for logistics facilities.

Covid-19 has conflated more than five years of evolution in the retail real estate landscape into less than five months, with the sharp rise in online spending during lockdowns piling pressuring on landlords in the sector to consider conversion of their properties to e-commerce warehouses to meet spiralling demand for high quality and infill logistics space, particularly in the ‘Last Touch®’ or ‘last mile’ distribution areas of urban conurbations.

The pandemic has accelerated changes in the retail environment, bringing significant implications for logistics real estate. In this installment, we revisit the intensity of use ratio between e-commerce and brick-and-mortar sales, examine supply chain patterns of highly impacted retailers, and provide a mid-quarter update on U.S. customer activity and utilization. Findings in these three areas add upside to logistics real estate momentum during the Recovery phase of the pandemic.

In the fifth installment of our special series on COVID-19 and its implications for logistics real estate, we quantify the potential increase in long-term demand from higher inventory levels and accelerated e-commerce adoption in the third phase of the global pandemic, what we refer to as the "new normal".

In this fourth installment of our special report on COVID-19 and its implications for logistics real estate, we delve deeper into our proprietary data to highlight customer industry trends during each phase of the pandemic to-date.

Prologis had the opportunity to develop an expansive logistics park on the former site of the aircraft manufacturer Fokker. Its location directly adjacent to Schiphol Airport, the third largest airport in Europe, was ideal—and an excellent opportunity for Prologis to develop flexible, modern logistics facilities at one of the most sought-after locations in the Netherlands.

The demand for logistics real estate in the Benelux is high. Eemhaven, located in the Port of Rotterdam, is a key market. Over the past few years, Prologis expanded its portfolio of seven distribution centers at Eemhaven into one park by acquiring and renovating three facilities on neighboring plots.

DHL, a leading logistics partner in the rapidly growing Dutch e-commerce and mail order sector, pools services for online retailers, including warehousing, order picking, packing, shipping, door-to-door delivery and returns management. Increasingly, customers are demanding shorter delivery times and greater flexibility.

Our partnership with Coolblue started in 2012 with a 7,000 square meter lease in an already-existing distribution center. Soon after, Coolblue expanded with the development of a 25,000 square meter distribution facility at Prologis Park Tilburg. The development, located in the industrial park Vossenberg-West, started in 2014.