According to PEPR
, the upgraded credit rating will place it in a better position to approach capital markets, while reducing interest costs by at least EUR8.
= Parcela referente a risco de credito (exposicoes ponderadas pelo risco);
unit holders approved the liquidation of the fund during its annual meeting held on June 27, 2012 and Prologis currently owns 99.
While this may generally dampen near-term investor appetite, the PEPR
portfolio includes prime assets that are desirable to institutional investors.
ProLogis (NYSE:PLD), a provider of distribution facilities, announced today that since the start on 22 April 2011 of its mandatory tender offer for ProLogis European Properties (PEPR
), a Luxembourg closed-ended investment fund, it has received for tender, or has purchased in the open market, 8,818 ordinary units carrying voting rights of PEPR
The company has been leasing distribution space from PEPR
Even after an assumed recapitalization of PEPR
, leverage is expected to remain somewhat high for the rating category.
said it continued to achieve robust operational performance and financial results in line with guidance, in spite of the sustained challenging market conditions.
was established in 1999 as a closed-end, real estate investment fund, externally managed by a subsidiary of ProLogis, a leading global provider of industrial distribution facilities.
Pepper Rock Resources, Inc: PEPR
is an emerging oil and gas company active in the Permian Basin of West Texas.
The board advised PEPR
unit holders to each make their own decision regarding the bid, based on their individual circumstances.
The first lease agreement was signed with ND Logistics for 46,200 square metres at ProLogis Park Orleans, where the company has been leasing space from PEPR
since January 2002.