ProLogis European Properties makes changes to Board
12/01/2010
This press release is not an offer of securities for sale, or the solicitation of an offer to buy securities, in the United States or elsewhere. The securities mentioned in this press release have not been and will not be registered pursuant to the US Securities Act of 1933, as amended. They cannot be offered or sold in the United States absent registration or an exemption from registration. No public offer of the securities has been or will be made in the United States or elsewhere.
ProLogis European Properties (Euronext: PEPR), one of
Europe’s largest owners of modern distribution facilities,
announced today that current Board member Robert J. Watson has
resigned from the Board following his retirement from ProLogis
(NYSE: PLD).
The PEPR Board consists of four independent members and two members
appointed by ProLogis, PEPR's external manager. ProLogis has
appointed Gary E. Anderson, head of global investment management
for ProLogis, as its second Board member, replacing Robert
Watson.
Mr. Anderson is ProLogis’ head of global investment
management, responsible for managing ProLogis’ funds and
raising additional capital. From 2006 to 2009, Mr. Anderson was
president of Europe and the Middle East, as well as Chairman of
ProLogis’ European Operating Committee. From 2003, Mr.
Anderson was the managing director responsible for investments and
development in ProLogis’ Southwest and Mexico regions. Prior
to 2003, Mr. Anderson was Market Officer for several US areas and
Market Representative for two Mexican cities. Before joining
ProLogis in 1994, Mr. Anderson was a member of the Management
Development Program at Security Capital Group, Inc.
Geoffrey Bell, chairman of PEPR, commented:
“We would like to thank Robert for his contribution to the
business, where he has been integral to PEPR’s success, and
wish him well in his retirement. We are delighted that Gary has
joined the PEPR Board, his knowledge of the European market place
and PEPR’s portfolio will enable him to make significant
contributions to the Board.”
-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, the world’s
largest owner, manager and developer of industrial distribution
properties.
As at 30 September 2009, PEPR has a portfolio of 232 buildings, covering 4.9 million square metres in 11 European countries, with a market value of €2.8 billion. The portfolio has an occupancy level of 96.3% and an average of 3.4 years to the next lease break or 5.5 years to lease expiry.
Q2/HY 2010 financial results
View Second Quarter and Half Year 2010 Financial Results Webcast
22 July 2010
