Prologis European Properties, the leading owner of modern distribution facilities, reported earnings of EUR 22.4 mln for the first quarter of 2010, 24% down on the EUR 29.3 mln booked in the same period last year. The Euronext-listed company said the decrease was driven by a EUR 3.6 mln decline in total revenue to EUR 64.5 mln, EUR 1.4 mln in writedowns and EUR 2.8 mln in higher taxes.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
