08/02/2012
Luxembourg - ProLogis European Properties (Euronext: PEPR),
one of Europe's largest owners of modern distribution
facilities, announced today that it has sold ten UK
logistics assets for a total of €180.3 million (£150.9
million). Proceeds from the sale will be used to further
deleverage the business.
The disposal comprises 231,650 square metres in ten
fully-leased buildings located in the Midlands and
North-East of the UK.
Peter Cassells, chief executive officer of PEPR, commented:
"We are pleased to have owned the bulk of these assets
since our formative years. During that time, we have
successfully created value through refurbishment and
subsequent letting activity. This disposition is in line
with our objectives to actively manage the portfolio to
optimise value, through focusing on core assets and
locations where we have critical mass."
This transaction is part of the wider UK portfolio disposition agreed between Prologis, Inc. (NYSE: PLD) and Blackstone, one of the world's leading investment and advisory firms.
-Ends-
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, PEPR was listed on 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.
distribué par | Ce noodl a été diffusé par Prologis European Properties et initialement mise en ligne sur le site http://www.prologis-ep.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-02-08 20:04:29 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |