ProLogis Announces Final Results of Tender For Units in ProLogis European Properties
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
DENVER, May 18, 2011 /PRNewswire/ -- ProLogis (NYSE: PLD), the leading global provider of distribution facilities, announced today the results of its mandatory tender offer for ProLogis European Properties, a Luxembourg closed-ended investment fund (Euronext/Amsterdam: PEPR, hereafter "PEPR"). Since the start of the Offer Period on April 22, 2011, ProLogis has received for tender or purchased in the open market 96,547,538 Ordinary Units carrying voting rights of PEPR and 2,728,161 Perpetual Convertible Preferred Units ("Preferred Units"). When these tenders have been accepted and the purchases completed, ProLogis will hold directly or indirectly a total of 170,661,111 Ordinary Units and 9,744,017 Perpetual Convertible Preferred Units ("Preferred Units") of PEPR. Based on information published by PEPR as to the total number of PEPR Ordinary and Preferred Units in issue, this holding will represent directly or indirectly 89.58 percent of PEPR's Ordinary Units corresponding to 89.58 percent of the voting rights attached to all PEPR Ordinary Units and 94.62 percent of PEPR's Preferred Units.
The Acceptance Period ended on May 18, 2011 at 6:00 pm CET. Following the close of this Offer Period, ProLogis has no obligation to launch a further tender offer. The settlement of the Offer is expected to take place on May 25, 2011.
About ProLogis
ProLogis is the leading global provider of distribution facilities, with more than 435 million square feet of industrial space owned and managed (40 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 3,800 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to www.prologis.com.
About PEPR
ProLogis European Properties, or PEPR, is one of the largest pan-European owners of high quality distribution and logistics facilities. PEPR was established in 1999 as a closed-end, real estate investment fund, externally managed by a subsidiary of ProLogis, a leading global provider of industrial distribution facilities. In September 2006, ordinary unites in PEPR were listed on the Luxembourg Stock Exchange and Euronext Amsterdam. As at 31 March 2011, PEPR had a portfolio of 232 buildings, covering 4.9 million square metres in 11 European countries, with an estimated market value of euro 2.8 billion. The portfolio has an occupancy level of 93.2% and an average of 3.4 years to the next lease break or 5.3 years to lease expiry.
SOURCE ProLogis
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article