Dec 23 (Reuters) - ProLogis:
* Reports $1.26 billion of gross proceeds from fourth quarter contributions
* Says the contributions included a total of 59 properties in 12 countries
* Says de-risking its development business and preserving capital
* Says the ongoing contribution of development properties into funds and sales
to third parties is a critical element of its plan
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Reports $1.26 billion of gross proceeds from fourth quarter contributions
* Says the contributions included a total of 59 properties in 12 countries
* Says de-risking its development business and preserving capital
* Says the ongoing contribution of development properties into funds and sales
to third parties is a critical element of its plan
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.