ProLogis Acquires Prime Real Estate Assets in UK

ProLogis, the largest developer and owner of distribution facilities, acquires the UK large real estate asset portfolio that includes land spotted to sustain more than 330,000 square meters of industrial development in the East and West Midlands which are the UK’s center for logistics and distribution. The asset is acquired through the purchase of the Severn Trent Property Ltd., an auxiliary of UK based Severn Trent.