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01/10/2007

1 October 2007 – Luxembourg – ProLogis European Properties (Euronext: PEPR), Europe’s largest owner of modern distribution facilities, has purchased a total of 225,770 units at an average price of €11.46 per unit during the week ended Friday 28 September.  PEPR expects to make further purchases, to complete total purchases of approximately €4.0 million of PEPR units, as announced on 20 September 2007.

The highest price paid per unit was €11.85 and the lowest price was €10.81.

 -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


About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, which listed on Euronext Amsterdam on 22 September 2006, is the largest 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 June 2007, PEPR owned 293 distribution facilities covering approximately 5.8 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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