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“ProLogis , the leading global provider of distribution facilities, announced today that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Advisors to sell a North American industrial portfolio, its minority interest in a hotel property and ProLogis' interests in three of its property funds for a total purchase price of $1.02 billion. The combinationof this transaction and year-to-date dispositions and contributions of approximately $600 million is expected to generate over $1.6 billion of gross proceeds, exceeding the company's previously announced expectation for 2010 of $1.3 to $1.5 billion. Net proceeds will be used for the repayment of debt and to fund development activity”. ( stralcio dal CS della Società)
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