ProLogis European Properties, Europe's leading owner of modern distribution facilities, announced on Monday that Deutsche Pfandbriefbank (formerly Hypo Real Estate) has finalised a three-year extension of the secured bank loan, originally due to mature in March 2010. The loan has been reduced from EUR 151.1 mln to EUR 126 mln, with the difference being repaid with cash from operations.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
