Prologis Inc. (NYSE: PLD), the world’s leading logistics real estate investment trust (REIT) is reported to be selling 22 warehouses in the U.K. with initial guide prices totaling 435 million pounds (U.S. $536 million).
The Times report said the properties being sold were acquired as part of the company’s $13 billion acquisition of Liberty Property Trust and do not fit Prologis’ investment strategy.
In a statement to FreightWaves, Prologis’ Director of Corporate Communications Paul Frankle said,...
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