PEPR improves occupancy in Central Europe with new leases over 23,100
square metres
(Thomson Reuters ONE) - This press release is not an offer of securities for sale, or thesolicitation of an offer to buy securities, in the United States orelsewhere. The securities mentioned in this press release have notbeen and will not be registered pursuant to the US Securities Act of1933, as amended. They cannot be offered or sold in the United Statesabsent registration or an exemption from registration. No publicoffer of the securities has been or will be made in the United Statesor elsewhere.News release ProLogis European Properties improves occupancy in Central Europe with new leases over 23,100 square metresLuxembourg - 09 September 2009 - ProLogis European Properties(Euronext: PEPR), one of Europe's largest owners of moderndistribution facilities, announced today that it has signed two newlease agreements covering 23,100 square metres in Prague, CzechRepublic.The first lease is with DHL Solutions, a leading global provider ofthird-party logistics services and subsidiary of Deutsche Post DHL,in ProLogis Park Prague. DHL is extending its lease for 13,500 squaremetres of space to December 2011 with no lease break options.Raben Logistics Czech, part of Raben Group one of the leadinglogistics operators in Central and Eastern Europe, has leased 9,600square metres of previously vacant space in ProLogis Park Prague forfour years."These lease agreements, at market rents, continue the positivemomentum achieved to date and reflect our focus on maximisingportfolio occupancy," said Simon Nelson, head of asset management ofPEPR. "The quality of the PEPR portfolio together with our localmarket knowledge enable us to respond quickly to continuing demandfrom occupiers for well-located, high-quality logistics space."ProLogis Park Prague (D1 West & D1 East) is located approximately 11km southeast of Prague at the Ricany/Jesenice junction, directly offthe major D1 Motorway. This location permits travel to Prague citycentre within 15 minutes and Brno within 1 hour 30 minutes.The transactions were completed on behalf of PEPR by ProLogis (NYSE:PLD), manager of the PEPR portfolio. -Ends-For further information, please contact:Investor relationsProLogis European Properties +44 20 7518 8708Jennifer van der Eem, VP Investor Relationsjvandereem(at)prologis.comMediaM:Communications +44 20 7920 2323 or 7920 2349Ed Orlebar / Charlotte McMullenorlebar(at)mcomgroup.com / mcmullen(at)mcomgroup.comAbout ProLogis European Properties (PEPR)ProLogis European Properties, or PEPR, is one of the largestpan-European owners of high quality distribution and logisticsfacilities. PEPR was established in 1999 as a closed-end, realestate investment fund, externally managed by a subsidiary ofProLogis, a leading global provider of industrial distributionfacilities. In September 2006, PEPR was listed on Euronext Amsterdam.As at 30 June 2009, PEPR has a portfolio of 232 buildings, covering4.9 million square metres in 11 European countries, with a marketvalue of ?3.0 billion. The portfolio has an occupancy level of 96.9%and an average of 3.6 years to the next lease break or 5.8 years tolease expiry.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 09.09.2009 - 09:01 Uhr
Sprache: Deutsch
News-ID 5621
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