Prologis Raises €450M for Prologis European Properties Fund II

Prologis, Inc. PLD, the leading global owner, operator and developer of industrial real estate, today announced that Prologis European Properties Fund II (PEPF II) has received new capital commitments of €450 million ($610 million) after opening to new investors for the first time. Investor demand exceeded the offering amount and fundraising closed ahead of its mandated period. In September, PEPF II accepted final capital commitments to reach the €450 million ($610 million) equity cap for the offering, which includes €125 million ($167 million) of additional capital committed by Prologis. Approximately 70 percent of the equity came from new investors. Subsequent to the raise, almost half of the €450 million has been deployed into acquisitions from Prologis and third parties.