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Real Estate Briefing - Categorized | M&A, Market Moves more

Post-Deal, ProLogis, AMB look to Europe

Posted on 02 February 2011

From WSJ: The distribution-space giant being formed by the megamerger of ProLogis and AMB Property Corp. already is looking at Europe as a major stomping ground. ProLogis and AMB, the biggest publicly traded warehouse owners based in the U.S., announced a merger agreement on Monday that will establish a landlord with some 600 million square feet of industrial real-estate space on four continents.
As a rationale for the merger, scheduled to close in the second quarter, company executives didn’t just promise cost savings, but also a larger global operation that is more attractive to multinational corporations, from logistics providers like Deutsche Post AG’s DHL to consumer-oriented companies like Unilever……………………………………….Full Article: Source

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