Fitch Rates ProLogis Unsecured Bond Offering 'BBB+'; Outlook Stable

Business Wire, Oct 26, 2005

Headquartered in Aurora, Colorado, ProLogis owns, manages, and develops, industrial distribution facilities in 76 markets in North America, Europe and Asia. ProLogis owns or manages over 368 million square feet in 17 countries and serves over 4,000 customers. The company also holds for development over 3,000 acres of land which could potentially support over 133 million square feet of development. As of June 30, 2005, ProLogis had over $9 billion of owned assets at book value and nearly $17 billion of managed assets. The Catellus acquisition should bring these totals closer to $14 billion and $22 billion, respectively.

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