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14/06/2007

14 June 2007 – Luxembourg – ProLogis European Properties (Euronext: PEPR), a leading pan-European owner of modern distribution facilities, announced today that it is participating in Morgan Stanley’s 10th European Property Conference being held at Landmark Hotel in London on 14 - 15 June 2007.

Robert Watson, chief executive officer, and Peter Cassells, chief financial officer, will be participating in a company presentation at 09:45 am on Thursday 14 June 2007.
The presentation used in the company’s one-on-one meetings will be available in the “Presentations and Webcasts” section of the ProLogis European Properties website at www.prologis-ep.com.

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


About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, which listed on Euronext Amsterdam on 22 September 2006, is a leading pan-European owner of high quality distribution and logistics facilities.   PEPR's portfolio of real estate is located in 25 submarkets within 11 European countries.  Established in 1999, PEPR is a real estate investment fund (organised as a Luxembourg closed-ended fonds commun de placement) externally managed by a subsidiary of ProLogis, the largest U.S. based real estate investment trust that operates a global network of industrial distribution properties.

As at the end of March 2007, PEPR owned 292 distribution facilities covering approximately 5.7 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.

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