PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
European ProLogis restructures amid Moody's downgrade, negative outlook
ProLogis European Properties, the majority-held European unit of US logistics REIT ProLogis, has had its corporate credit rating downgraded by Moody's Investors Service to Baa2 from Baa1. The rating agency also affirmed a negative outlook. PEPR sold its PEPF II stake to its parent for some e43m in December, and also amended its debt covenant.