The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

Prologis Feels Effect of European Presence

Shares of Warehouse Owner, With Quarter of Portfolio in Europe, Have Dropped on Investor Concern Over Continent
BY A.D. PRUITT

Prologis Inc., the world’s largest public owner of warehouses, is fending off investor fears that a financial meltdown in Europe would be a major setback for the company.

San Francisco-based Prologis, which just months ago completed a merger with its biggest rival, has 25% of its portfolio, or 148 million square feet of warehouse space, operating or under development in 15 European countries. Most of those properties are in the U.K., France and Germany.

Wall Street clearly is aware that Prologis has more exposure to Europe than other U.S. real-estate investment trusts.

Read entire Wall Street Journal article here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Information

This entry was posted on December 14, 2011 by in Industrial, National and tagged , , .
%d bloggers like this: