ProLogis Notifies Investor Group It Plans to Retain Its Stake in ProLogis European Properties (PLD)

ProLogis

today announced that it intends to retain its ownership stake in and management agreement with ProLogis European Properties, a publicly traded fund consisting of high-quality distribution and logistics facilities in Europe. The company is issuing this statement in response to a joint press release from APG Algemene Pensioen Groep N.V. and Goodman Group, which related to and unsolicited letter of interest received by ProLogis on March 31, 2011, expressing interest in acquiring ProLogis' 33.1 percent ownership interest in PEPR on behalf of an undisclosed consortium.