ProLogis European Properties responds to recent announcements
(Thomson Reuters ONE) -
Luxembourg - 14 April 2011 - ProLogis European Properties (Euronext: PEPR), one
of Europe's largest owners of modern distribution facilities, acknowledges that
following the ProLogis (NYSE: PLD) press release dated 14 April 2011, ProLogis
has announced an increase in its ownership of PEPR to approximately 38% and will
therefore proceed with a mandatory tender offer to acquire all of the
outstanding ordinary units and convertible preferred units it does not currently
own in PEPR.
In addition, further to PEPR's statement dated 12 April 2011, PEPR reconfirms it
has not been contacted by APG Algemene Pensioen Groep N.V. and Goodman Group
(referred to collectively as the "Investor Group") or any other pension or
sovereign wealth fund in relation to any offer to acquire ordinary units in
PEPR.
PEPR confirms that it is open to exploring value-enhancing alternatives for its
unitholders. In connection thereto, the Management Company and independent
members of the PEPR Board are taking appropriate measures ahead of receiving any
formal offers, including the appointment of independent financial advisers.
-Ends-
For further information, please contact:
Investor relations
Jennifer Crooke
+44 207 518 8708
jcrooke(at)prologis.com
Media
M:Communications
Ed Orlebar / Charlotte McMullen
+44 20 7920 2323 or 7920 2349
orlebar(at)mcomgroup.com / mcmullen(at)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 (NYSE: PLD), a leading global provider of industrial
distribution facilities. In September 2006, PEPR was listed on Euronext
Amsterdam.
As at 31 December 2010, 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 94.5% and an average of 3.4
years to the next lease break or 5.3 years to lease expiry.
ProLogis European Properties responds to recent announcements:
http://hugin.info/139145/R/1506750/441547.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ProLogis European Properties via Thomson Reuters ONE
[HUG#1506750]
Unternehmensinformation / Kurzprofil:
Datum: 14.04.2011 - 21:43 Uhr
Sprache: Deutsch
News-ID 53564
Anzahl Zeichen: 3134
contact information:
Town:
Luxembourg
Kategorie:
Business News
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