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Pros: In 2023, the global rental rate in China reached 92%, with a new construction area exceeding 2 million square meters

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According to AI News, on March 7th, according to the official WeChat account of Prolos, data disclosed by Prolos showed that in 2023, the global new and renewed lease area of Prolos reached 30.7 million square meters, a year-on-year increase of 4%. As of December 31st, 2023, the global occupancy rate reached 92%. The weighted average lease term (WALE) of the group's asset portfolio remained stable at 3.5 years, and the net operating profit (SSNOI) of comparable properties increased by 2.5%. In the Chinese market, Prolos has a new construction area of over 2 million square meters and a new delivery area of over 3 million square meters in 2023. In addition, Prolos operates and manages over 1.6 million square meters of cold chain infrastructure in 36 cities in China. In terms of finance, so far in 2024, Prolos has fully repaid a total of $670 million in maturing US dollars and Panda bonds.
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