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Real Estate Briefing - Categorized | Market Moves, REITs more

Prologis to double Asia Properties after biggest REIT deal

Posted on 06 June 2011

Prologis (PLD), the world’s largest warehouse owner, plans to double its Asia holdings while scaling back growth in North America and Europe after completing the biggest merger of U.S. real estate investment trusts.
The company, which has $46 billion in owned and managed properties, will expand Asia assets to a quarter of its total portfolio value, Co-Chief Executive Officer Hamid Moghadam said in an interview at Prologis’s San Francisco headquarters……………………………………….Full Article: Source


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