Prologis Sells in Germany and Poland
Prologis, a San Francisco–based industrial REIT, recently closed on the sale of two large logistics portfolios. As part of the transactions, ProLogis European Properties (PEPR) also sold its interests in the Polish and German portfolios as part of the wider portfolio disposals.
“We began 2012 with strong progress against our strategic priority of realigning our portfolio,” says Gary Anderson, CEO of Europe and Asia at Prologis. “The sale of these assets exemplifies the strong institutional demand for high-quality industrial properties in Europe.”
Prologis sold a portfolio of modern logistics properties located across Germany to a fund advised by Tristan Capital Partners for approximately €;138 million. The 240,000-square-metre portfolio comprises six individual warehouses and two logistics parks in Herbrec