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
ProLogis European cuts 2009 loss, completes de-leveraging
ProLogis European Properties, a Luxembourg-based listed owner of distribution facilities, narrowed its net loss for 2009 to E311m from E578m in 2008 but reported a profit in the fourth quarter, turning round successive losses during the global crisis and said its deleveraging is completed. "By addressing our debt maturities and paying down a significant part of outstanding debt, we have successfully completed our objectives for the year and put PEPR on a firm footing for the future," commented CEO Peter Cassells.