19/06/2009
ProLogis European Properties announces the purchase of units to remunerate new independent Board Member
Luxembourg– 19 June 2009 – ProLogis European Properties (Euronext: PEPR), Europe’s largest owner of modern distribution facilities, announced that it expects to purchase €75,000 of PEPR units today. These units will be paid to Didier Cherpitel, PEPR’s new independent Board Member appointed at the AGM on Wednesday 27 May 2009, as part of his remuneration package.
-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. 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 (NYSE: PLD), a leading global provider of industrial
distribution facilities.
As at 31 March 2009, PEPR has a portfolio of 246 buildings,
covering 5.2 million square metres in 11 European countries, with
an estimated net open market value of €3.4 billion. The
portfolio has an occupancy level of 97.0% and an average of 3.9
years to the next lease break or 6.2 years to lease
expiry.
PEPR results for the quarter and year ended 31 December 2011 (81KB)