Prologis European Properties (PEPR), Europe’s largest owner of modern distribution facilities, on Thursday reported a 13% devaluation of its portfolio over the first six months of 2009 to nearly EUR 3 bn from EUR 3.4 bn at year end 2008. Excluding disposals and foreign exchange adjustments, the drop in value amounted to 9.3%.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
