03/10/2007
3 October 2007 – Luxembourg –
ProLogis European Properties (Euronext: PEPR), Europe’s
largest owner of modern distribution facilities, announced today
that the purchase of €4.0 million of PEPR units, as announced
on 20 September 2007, has been completed.
Of the €4.0 million, €3.6 million represents part
consideration for Wroclaw DC8 in southwest Poland, the final
property in the €215.4 million portfolio acquisition from
ProLogis (NYSE: PLD), announced in March 2007. As a result,
ProLogis’ holding in PEPR has increased to 24.9%, from
24.7%.
The remaining €0.4 million represents part of the remuneration
package for PEPR’s non-executive directors.
During the period 21 September through to 2 October, a total of
341,222 PEPR units were purchased at an average price of
€11.56 per unit. The highest price paid per unit was
€12.26 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.