New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 14, 2014
09:06 EDTPLDPrologis signs four development lease agreement in Q1 in Brazil and Mexico
Prologis announced it signed four development lease agreements in the Q1 totaling 582,000 square feet in Brazil and Mexico. The agreements include: 290,000 square feet at Prologis CCP Dutra in Sao Paulo, pre-leased to a leading wholesale warehouse club and repeat Brazil customer. The property is proximate to the airport; and 113,000 square feet at Prologis CCP Queimados with a major pharmaceutical distributor near Rio de Janeiro; and 179,000 square feet at Prologis Park Toluca in Mexico to two separate customers: a regional packaging producer and a leading automotive company. The park totals 628,000 square feet with expansion capabilities to more than 1 million square feet.
News For PLD From The Last 14 Days
Check below for free stories on PLD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 26, 2014
05:35 EDTPLDPrologis announces Nippon Prologis REIT issuance of new investment units
Prologis announced that Japanese real estate investment trust Nippon Prologis REIT, or NPR, will issue new investment units. Prologis will retain its 15% ownership interest in NPR. NPR intends to use the net proceeds from the issuance, estimated at $374M, for the repayment of the bridge loans used to acquire five Class-A properties for approximately $448M. The properties will be acquired from Prologis' wholly owned Japan portfolio. The assets, totaling approximately 2.4M square feet, were offered to NPR through its sponsor support agreement with Prologis. The acquisition is expected to close September 1 in Japan. NPR is managed by a wholly owned subsidiary of Prologis.
August 18, 2014
09:02 EDTPLDPrologis leases 225,000 square feet to Jaguar Rover in UK development
Prologis announced a new lease agreement for 225,000 square feet at Prologis Park Ryton in the United Kingdom, with Jaguar Land Rover. The facility, which is part of Jaguar Land Rover's recently launched special operations division, will be the company's global hub for the creation of its high-performance, luxury bespoke vehicles. The new facility, completed this May, is proximate to Jaguar Land Rover's headquarters, and is well-located at the heart of the motorway network, within easy reach of the M6, M69 and M40/M5. Prologis owns and manages approximately 20 million square feet of logistics and distribution space in the U.K. as of June 30, 2014.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use