Prologis European Properties (PEPR) has rejected Prologis' offer of EUR 6.10 per share as 'inadequate'. 'Based on our strategy, business plans and the quality of our portfolio, we believe that the offer does not reflect the full value potential of PEPR,' Peter Cassells, chief executive officer of PEPR noted in a press release.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
