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May 29, 2014
09:01 EDTPLDPrologis signs build-to-suit agreement in China
Prologis has signed a 447,000 square foot build-to-suit agreement in China with Deppon Logistics Co., a Chinese logistics provider and repeat customer.
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September 2, 2014
09:06 EDTPLDPrologis announces PELP acquired portfolio of facilities and land in Barcelona
Prologis announced that Prologis European Logistics Partners Sarl, or PELP, has acquired a portfolio of more than 1.6M square feet of high-quality logistics facilities and development land in Madrid and Barcelona from SABA Parques Logisticos. PELP is a 50-50 joint venture between Prologis and Norges Bank Investment Management.
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.

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