Prologis European Properties has announced the completion of the sale of its remaining investment and future commitment to Prologis European Properties Fund II (PEPF II) to six institutional investors. The group raised gross proceeds of EUR 14.4 mln from the sale of its remaining 10% interest in PEPF II, and eliminated EUR 174 mln of future commitments to the fund. The stake was sold at a 28% discount to the December 2008 valuation.
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