Saturday 22nd Oct 2016 - Logistics Manager

PEPR in £150m sales

ProLogis European Properties has sold ten UK logistics assets for a total of £150.9 million. 

Proceeds from the sale will be used to cut debt..

The disposal comprises 231,650 sq m in ten fully-leased buildings located in the Midlands and North-East of the UK.

The transaction is part of the wider UK portfolio disposition agreed between Prologis, Inc and Blackstone, the investment and advisory firm.