ProLogis European Properties (PERP) has acquired a 43,400 m[sup]2[/sup] distribution centre in Blois, Central France. It is fully leased under a long-term agreement to the logistics and distribution subsidiary of Redcats, a leading home shopping retailer, and will serve as the primary distribution hub for Redcats' mail-order line of home furnishings in France.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
