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%.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
