PELF is Europe’s largest open-ended logistics fund, with class-A assets located in high-consumption markets
About Prologis European Logistics Fund
Prologis European Logistics Fund, FCP-FIS (the “Fund”) was formed in August 2007 as an open-ended vehicle with the purpose of owning and operating core industrial distribution properties across Europe.
PELF Fund Overview
€9,538.0 MNet Market Value
€1,969.2 MOutstanding Debt
449Properties in 12 Countries
78.1%Customer Retention YTD
Data as at 31 December 2018. Loan-to-Value based on Gross Market Values. Percent Occupied refers to the occupancy of the Operating Portfolio.
Prologis International Funding II S.A.
Prologis European Logistics Fund, FCP-FIS (“PELF”) acts as guarantor under the Prologis International Funding II S.A. EUR 5,000,000,000 Guaranteed Euro Medium Term Note Programme (the “Programme”). Prologis International Funding II S.A. is a wholly-owned subsidiary of PELF. The Fund is an €9.5 billion open-ended fund with a portfolio of 9.9 million square meters across 12 countries. Moody's upgraded PELF’s credit rating to A3. As at 31 December 2018, Prologis, Inc. holds 27.9 per cent. of PELF.
Notes issued under the Programme are, and may in the future be, listed on the Euro MTF market of the Luxembourg Stock Exchange.