ProLogis European Properties notes publication of formal tender offer document from ProLogis
(Thomson Reuters ONE) -
Luxembourg - 22 April 2011 - ProLogis European Properties (Euronext: PEPR) notes
the publication of ProLogis' (NYSE: PLD) formal tender offer document relating
to its mandatory public take-over bid of ?6.10 per ordinary unit and the bid of
?6.10 per convertible preferred unit of PEPR. The offer period set by ProLogis
starts on 22 April 2011 and the acceptance period, or deadline for tendering
units into the offer, will end on 6 May 2011 unless extended by ProLogis as per
the terms of the offer document or otherwise in accordance with applicable
Luxembourg regulation.
As required by applicable Luxembourg regulation, ProLogis Management S.à r.l.,
acting in its capacity as the management company of PEPR (the "Management
Company") in accordance with PEPR's management regulations, will review the
offer document and provide a reasoned opinion in relation to the offer as soon
as practicable. The Management Company reaffirms its commitment to act in the
interests of PEPR as a whole and all PEPR unitholders.
PEPR will announce its first quarter 2011 financial results on Thursday 28 April
2011.
The Management Company, acting in its capacity as the management company of
PEPR, has engaged Deutsche Bank as financial advisor and Arendt & Medernach and
Freshfields Bruckhaus Deringer LLP as legal counsel.
-Ends-
For further information, please contact:
Jennifer Crooke
+44 207 518 8708
jcrooke(at)prologis.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, 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 2010, PEPR had 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.
Press release (PDF):
http://hugin.info/139145/R/1508747/443568.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#1508747]
Unternehmensinformation / Kurzprofil:
Datum: 22.04.2011 - 18:47 Uhr
Sprache: Deutsch
News-ID 53828
Anzahl Zeichen: 3178
contact information:
Town:
Luxembourg
Kategorie:
Business News
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