PEPR concludes GBP64.4 million UK asset sale>
PEPR concludes GBP64.4 million UK asset sale
(Thomson Reuters ONE) - News release ProLogis European Properties concludes £64.4 million UK asset saleLuxembourg - 1 July 2009 - ProLogis European Properties (Euronext:PEPR), Europe's largest owner of modern distribution facilities,announced today that it has closed on the sale of five distributionfacilities in the UK, generating net proceeds of £64.4 million.The purchaser is an affiliate of Harbert European Real Estate FundII, L.P. and Harbert European Real Estate Fund II (Parallel), L.P.(collectively, "Harbert"). The 79,692 square metre (857,800 squarefeet) portfolio comprises five distribution warehouses in variouslocations throughout the UK, with a remaining average lease length ofapproximately 10 years.Following the sale of these five buildings, ProLogis EuropeanProperties continues to own 39 distribution warehouses in the UK,which are leased to a variety of global customers.In addition, ProLogis European Properties has received ?92.2 millionin proceeds from the sale of the portfolio of distribution warehousesin The Netherlands and Germany to AEW Europe, as announced 12 May2009. Proceeds from the remaining tranche of the AEW sale areexpected early in the third quarter.Simon Nelson, head of asset management, said: "This latest saledemonstrates the continued momentum of our current deleveragingstrategy and our ability to execute transactions successfully in whatremains a relatively slow market. The sale price is in line withcurrent valuations and the disposal of these standalone assets isconsistent with PEPR's long-term business plans for its UK portfolio.The proceeds from both sales will be used to reduce outstandingdebt". -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 7153 1523 or 7153 1549Ed Orlebar / Charlotte McMullenorlebar(at)mcomgroup.com / mcmullen(at)mcomgroup.comAbout ProLogis European Properties (PEPR)ProLogis European Properties, or PEPR, which listed on EuronextAmsterdam on 22 September 2006, is the largest pan-European owner ofhigh quality distribution and logistics facilities. Established in1999, PEPR is a real estate investment fund (organised as aLuxembourg closed-ended fonds commun de placement) externally managedby a subsidiary of ProLogis (NYSE: PLD), a leading global provider ofindustrial distribution facilities.As at 31 March 2009, PEPR has a portfolio of 246 buildings, covering5.2 million square metres in 11 European countries, with an estimatednet open market value of ?3.4 billion.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Tenaris Files 2008 Form 20-F>
">
Datum: 01.07.2009 - 03:00 Uhr
Sprache: Deutsch
News-ID 1002315
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
London
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 147 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"PEPR concludes GBP64.4 million UK asset sale>
"
steht unter der journalistisch-redaktionellen Verantwortung von
ProLogis European Properties (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
