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PEPR closes on €97.5m equity raise

ProLogis European Properties, the European industrial investor, has completed its €97.5m share offering, with the capital earmarked to reduce outstanding debt.
By James Wallace
September 7, 2011 | 12:58 P.M.

The issuance of 15,724,999 ordinary units, at 6.20 per unit, was launched 10 days ago, reflecting a price which is equal to the recent tender offer price and a 10.1% premium to PEPR's IFRS net asset value per ordinary unit as at 30 June.

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