ProLogis European Properties completes €201.6 million portfolio transaction

28/03/2007

Luxembourg – 28 March 2007 – ProLogis European Properties (Euronext: PEPR), Europe’s largest owner of modern warehouse distribution facilities, announced today that it has completed €201.6 million of the previously announced €215.4 million portfolio acquisition from ProLogis (NYSE: PLD). 14 of the 15 distribution facilities have been transferred and it is anticipated that the remaining asset, in Wroclaw Poland, will complete within the second quarter.

The consideration paid to ProLogis comprised €173.4 million in cash from existing credit facilities and the issue of 1,834,931 new ordinary units to ProLogis at a price of €15.39 per unit. The new issue will increase ProLogis European Properties ordinary units in issue to 190,522,441 and ProLogis’ holding in PEPR to 24.7%, from 24.0%.

-Ends-

For further information, please contact:

Investor relations
ProLogis European Properties +44 207 518 8708
Jennifer van der Eem, VP Investor Relations
jvandereem@prologis.com

Media
M:Communications +44 20 7153 1523 or 7153 1538
Ed Orlebar / Sarah Hamilton
orlebar@mcomgroup.com / hamilton@mcomgroup.com

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PEPR results for the quarter and year ended 31 December 2011

PEPR results for the quarter and year ended 31 December 2011 (81KB)