Prologis European Logistics Fund is organised as a Luxembourg fonds commun de placement- fonds d'investissement specialisé ("FCP-FIS") under the Luxembourg law dated 13 February 2007 on specialised investment funds, as subsequently amended and qualifying as an alternative investment fund ("AIF") under the law of 12 July 2013 on alternative investment fund managers.
The Fund is managed by Prologis Management II S.à r.l. (the "Management Company") in accordance with the Management Regulations as amended in October 2017. The Advisory Council (the "AC") was created pursuant to the Management Regulations and comprises seven representatives of Unaffiliated Unitholders and/or Independent Members.
The AC is responsible for acting in the best interest of all Unitholders and reviewing certain decisions prior to their implementation by the Management Company. In all other respects, the Management Company manages the day-to-day activities of the Fund in the exclusive interest of Unitholders.