ProLogis European Properties (PEPR) expands credit facility from €500 million to €800 million
10/10/2006
Expanded line supports future investments
10 October, 2006 – Luxembourg – ProLogis European Properties (Euronext: PEPR), an externally managed real estate fund owning a portfolio of high quality distribution facilities in 11 European countries, announced today that it has amended its revolving line of credit facility, expanding the capacity from €500 million to €800 million. ABN AMRO Bank N.V. and Bank of America, N.A. were joint arrangers.
PEPR expects to use the expanded revolving line of credit to finance future direct and indirect investments in distribution properties, as well as for general corporate purposes.
“We are pleased to have achieved additional financial flexibility through the expansion of PEPR’s line of credit,” said Robert J. Watson, PEPR CEO. “This additional capacity will help fund external growth opportunities through the acquisition of additional stabilised distribution properties from ProLogis as well as investment in future ProLogis private equity funds and joint ventures.”
“This transaction further strengthens both banks’ commitment to ProLogis European Properties,” said Bert Grisel, Managing Director, ABN-AMRO Bank, and Simon Hampton, Managing Director, Bank of America, in a joint statement. “We were very pleased to accommodate PEPR with the significant increase of this line of credit, which should facilitate the further expansion of its successful business in Europe.”
Contacts
M:Communications +44 20 7153 1538 or 1523
Sarah Hamilton / Ed Orlebar
hamilton@mcomgroup.com
/
orlebar@mcomgroup.com
About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, was established in 1999 and
is an externally managed real estate investment fund organised as a
Luxembourg closed-ended fonds commun de placement and
regulated in Luxembourg by the Commission du Surveillance du
Secteur Financier. PEPR owns a portfolio of high quality
distribution facilities located in 25 submarkets within 11 European
countries. It is managed by a subsidiary of ProLogis, a U.S. based
real estate investment trust that operates a global network of
industrial distribution properties and is a leading provider of
distribution facilities and distribution services in North America,
Europe and Asia.
As at 30 June 2006, PEPR owned 281 distribution facilities comprising 5.4 million square metres of leasable space. PEPR’s customers are large third party logistic service providers as well as a broad range of companies in the retail and manufacturing sectors.
PEPR results for the quarter and year ended 31 December 2011
PEPR results for the quarter and year ended 31 December 2011 (81KB)
08 February 2012
