Euronext-listed Prologis European Properties, one of Europe's largest owners of modern distribution facilities, said it intends to raise EUR 61 mln of new equity in the form of fully underwritten perpetual convertible preferred units. PEPR intends to use the net proceeds from the offering to reduce outstanding debt and for general corporate purposes.
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).
