Euronext-listed Prologis European Properties has agreed to sell two-thirds of its 30% stake in Prologis European Properties Fund II (PEPF II) to the firm's Denver-based mother company Prologis for about EUR 43 mln. It is also seeking to dispose of the remaining 10% interest in the fund to a third party.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
