ProLogis European Properties (PEPR), one of Europe’s largest owners of modern distribution facilities, said on Thursday it has lowered its EPRA earnings and distributable cash flow guidance for 2010 to between EUR 0.40 and EUR 0.44 per ordinary unit from between EUR 0.45 and EUR 0.50 due to the slowdown in the pace of improvement in market conditions.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
