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OWNERS: PURSUING INTERNATIONAL OPPORTUNITIES

Published Monday, July 01, 2002

THIS PAST SPRING, ProLogis' (NYSE: PLD) European Properties Fund purchased a 1.8 million sq. ft. portfolio of four distribution centers in France from FM Logistics for an undisclosed price. Such transactions are now almost commonplace at Aurora, Colo.-based ProLogis. The company, which placed No. 1 in NREI's ranking of the largest industrial owners, entered Mexico in 1995 and Europe two years later. Today, by the estimation of Irving F. Lyons, vice chairman and chief investment officer of ProLogis, the REIT now owns approximately 29 million sq. ft. internationally, comprising 16% of its total portfolio. The vast majority of ...

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