Luxembourg - 29 March 2012 - ProLogis European Properties (Euronext: PEPR), one of Europe's largest owners of modern distribution facilities, announced todaythe publication of its Annual Report 2011. The report is available on PEPR's website, www.prologis-ep.com.

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For further information, please contact:

Investor relations
Jennifer Crooke
+44 207 518 8708
jcrooke@prologis.com

Media
M:Communications
Charlotte McMullen
+44 20 7920 2349
mcmullen@mcomgroup.com

About ProLogis European Properties (PEPR)

ProLogis European Properties, or PEPR, is one of the largest pan-European owners of high quality distribution and logistics facilities. PEPR was established in 1999 as a closed-end, real estate investment fund, externally managed by a subsidiary of Prologis, Inc. (NYSE: PLD), a leading global provider of industrial distribution facilities. In September 2006, ordinary units in PEPR were listed on the Luxembourg Stock Exchange and Euronext Amsterdam.

As at 31 December 2011, PEPR has a portfolio of 220 buildings, covering 4.7 million square metres in 11 European countries, with a market value of €2.6 billion. The portfolio has an occupancy level of 94.4% and an average of 2.8 years to the next lease break or 3.7 years to lease expiry.

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Source: ProLogis European Properties via Thomson Reuters ONE
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