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Stock Market & Financial Investment News

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December 20, 2012
09:02 EDTPLDProLogis forms joint venture with Norges Bank Investment Management
Prologis announced the signing of a definitive agreement to form Prologis European Logistics Partners SÓrl, a euro-denominated joint venture. The venture will acquire a portfolio of high-quality distribution facilities wholly owned by Prologis in 11 target European global markets. Global. Prologis European Logistics Partners will be structured as a 50/50 joint venture with an equity commitment of $3.1B, which includes a $1.55B co-investment by both NBIM and Prologis. Upon closing, the venture will acquire a stabilized portfolio of 195 properties totaling approximately 49 million square feet; about 75% of the properties coming from the former ProLogis European Properties fund and the remaining 25% coming from other Prologis wholly owned assets.
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July 22, 2014
08:07 EDTPLDPrologis raises FY14 core FFO to $1.82-$1.86 from $1.76-$1.82
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08:05 EDTPLDPrologis reports Q2 core FFO 48c, compared to 41c from a year ago
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July 17, 2014
09:08 EDTPLDPrologis acquires one million square feet in Eastern Europe
Prologis' Prologis European Properties Fund II has acquired two logistics facilities in Poland and Hungary.The properties total more than one million square feet and are 100% leased. They include a 610,000 square foot building in Gliwice, Poland occupied by Tesco and a 404,000 square foot building in Budapest, Hungary, occupied by Auchan, a global retailer and repeat customer.

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