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ProLogis

ProLogis & Catellus move to merger

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Published: 2 August 2005 Distribution facilities company ProLogis & real estate development company Catellus Development Corp, will hold meetings on 14 September to seek shareholder approval for a merger, in which ProLogis will buy out Catellus. ProLogis owns, manages or has under development 28.9 million m² in 2043 facilities in 75 markets in North America, […]

ProLogis to pay $US4.9 billion for Catellus

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Published: 8 June 2005 Storage & distribution facilities giant ProLogis will buy out development company Catellus Development Corp for $US4.9 billion in a deal approved by both companies’ boards on 6 June. The price includes assumed liabilities & transaction costs. ProLogis is one of the US property companies which have attracted more attention in this […]

ProLogis boosts June quarter earnings, has strong outlook

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Denver-based ProLogis, an international provider of distribution facilities & services, increased 2nd-quarter funds from operations by 20.4% to US65c/diluted share, net earnings 61.5% to US42c/diluted share “Overall, we’ve noted significant improvement in global industrial fundamentals. Virtually every North American market is reporting positive net absorption & occupancy gains. Rental rate growth on lease renewals continues […]