PEPR invests €82.35 million into ProLogis European Properties Fund II
27/09/2007
27 September 2007 – Luxembourg –
ProLogis European Properties (Euronext: PEPR), Europe’s
largest owner of modern distribution facilities, announced today
that it has invested €82.35 million, of its anticipated
overall €900 million investment, into ProLogis European
Properties Fund II (PEPF II). PEPR’s investment
was entirely funded from existing credit facilities.
ProLogis (NYSE: PLD), has today, contributed over 630,000 square
metres of modern distribution space in 24 buildings in eight
European countries into PEPF II. As at 30 June 2007, this
portfolio is on average 1.5 years old, is fully occupied at 100%
and, on average, has 8.6 years to lease expiry or 8.2 years to
first lease break. The properties were independently valued
at €613.5 million.
The properties are located in ProLogis European Properties’
target markets across eight countries in Europe - Czech Republic,
France, Germany, Hungary, Poland, Slovakia, Spain and the UK.
A number of the buildings are within existing ProLogis Parks owned
by PEPR and expand our relationships with our major customers, such
as DHL, Keuhne and Nagel and Wincanton.
Robert Watson, chief executive officer of PEPR commented “We
are delighted with PEPF II’s acquisition of this portfolio of
modern distribution facilities and to expand, albeit indirectly,
into Slovakia. As many assets are adjacent to PEPR’s
directly owned facilities or within existing ProLogis Parks owned
by PEPR they complement our existing portfolio, increase our
critical mass and we believe will be accretive to overall
yields.”
To view the full press release, including portfolio data,
click here (49KB)
-Ends-
For further information, please contact:
Investor relations
ProLogis European Properties +44
20 7518 8708
Jennifer van der Eem, VP Investor Relations
jvandereem@prologis.com
Media
M:Communications +44 20 7153 1523 or 7153 1549
Ed Orlebar / Charlotte McMullen
orlebar@mcomgroup.com /
mcmullen@mcomgroup.com
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
