Prologis European Properties invests EUR 51m in fund

Prologis European Properties (PEPR) has invested EUR 51 mln in Prologis European Properties Fund II (PEPF II), a private equity vehicle established to acquire assets from Prologis' EUR 3 bn development pipeline of distribution facilities in Europe. The new investment increases PEPF's share in the fund to EUR 133 mln of the anticipated total investment of EUR 900 mln and maintains the Amsterdam-listed company's stake in the fund at 30%.

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