PROLOGIS EURO.PROP : Simon Nelson appointed European asset manager of ProLogis European Properties

Luxembourg - 17 July 2008 - ProLogis European Properties (Euronext:
PEPR), Europe's largest owner of modern warehouse distribution
facilities, today announced the appointment of Simon Nelson as Head
of Asset Management, with effect from 1 August 2008.
Simon, who will be based in Amsterdam, was most recently responsible
for European acquisitions and disposals, in addition to coordinating
independent portfolio valuations across Europe, at ProLogis (NYSE:
PLD), PEPR's external manager. He replaces Ralf Wessel, who becomes
Managing Director Global Investment Management for ProLogis, where he
will be responsible for all investment management activities.
CEO Gordon Keiser said: "We are delighted that Simon has agreed to
join the team at PEPR. Simon has been working with ProLogis in Europe
since 2001 so has an extensive knowledge of the PEPR portfolio of
investments and the European marketplace. We believe that he will be
a very valuable asset and will help drive PEPR forward as we continue
to actively manage our portfolio and expand the business in
Europe."
Simon Nelson background:
Simon Nelson joined ProLogis in January 2001 with initial
responsibility for investment acquisitions in Southern Europe.
Latterly he has been responsible for European acquisitions and
disposals, together with overseeing the portfolio valuations.  A UK
trained chartered surveyor, he has been resident in continental
Europe since 1992.  Prior to joining ProLogis, he was a partner and
investment director at DTZ in France, covering all aspects of
commercial real estate investment.

                              - Ends -

For further information, please contact:
Investor relations
ProLogis European Properties [phone]
Jennifer van der Eem, VP Investor Relations
[e-mail]

Media
M:Communications [phone] or 7153 1549
Ed Orlebar / Charlotte McMullen
[e-mail] / [e-mail]


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 31 March 2008, PEPR has a portfolio of 317 buildings, owned
both directly and indirectly, covering 6.9 million square metres in
12 European countries, with an open market value estimated at ?5.4
billion.  The combined portfolio has an occupancy level of 98.2% and
an average of 5.1 years to the next lease break or 6.9 years to lease
expiry. Of the combined portfolio, PEPR's directly owned properties
comprise 247 buildings, covering 5.2 million square metres in 11
European countries, with an open market value estimated at ?4.1
billion.  PEPR and PEPF II's customers are large third party logistic
service providers as well as a broad range of companies in the retail
and manufacturing sectors.


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