Philip Dunne
President & CEO - Europe
ProLogis
Philip Dunne is President of Europe and a member of the Executive Committee, responsible for all aspects of ProLogis’ European operational performance, including investments and development. He is also Chairman of ProLogis’ European Operating Committee. Prior to this, Mr. Dunne was Chief Operating Officer, Europe and the Middle East.
Prior to joining ProLogis on December 1, 2008, Mr. Dunne was the Chief Operating Officer - EMEA at Jones Lang LaSalle, a global financial and professional services firm specializing in real estate services and investment management. In this role Mr. Dunne has led the deployment and execution of business strategy across the EMEA region. In addition, Mr. Dunne spent five years as Chief Operating Officer for the company's Central and Eastern Europe and Russia region, instrumental in the development of those businesses while overseeing all business support functions and infrastructure. Prior to joining Jones Lang LaSalle's EMEA business, Mr. Dunne worked with the company's European Finance team based in London.
In recent months we have seen cap rates rise, land values decline and demand for new facilities weaken as many customers shift their priorities and adjust to the market. At the same time, many 3 PL customers are taking advantage of the current market conditions to rationalise and consolidate their operations.
Over the near term, we do not expect any inventory development, and new investment will be approached with caution, focussed on build to suit opportunities in core strategic locations.
At ProLogis we believe there is substantial opportunity for ProLogis to generate value through construction management fees related to renewable energy installations on our rooftop facilities in Europe. We are currently working with third-party investors and integrators to identify which countries/ locations we will pursue these partnerships.
Philip Dunne, President of Europe for ProLogis
Philip Dunne, President of Europe for ProLogis
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