This press release is not an offer of securities for sale, or the solicitation
of an offer to buy securities, in the United States or elsewhere. The securities
mentioned in this press release have not been and will not be registered
pursuant to the US Securities Act of 1933, as amended. They cannot be offered or
sold in the United States absent registration or an exemption from registration.
N o public offer of the securities has been or will be made in the United States
or elsewhere.

This press release may contain certain forward-looking statements. These
forward-looking statements involve certain risks and uncertainties that could
cause actual results to differ materially from those indicated in such
forward-looking statements. The company assumes no obligation to update any
forward-looking statement contained in this press release.

News release

     ProLogis European Propertiesleases just under 50,000 square metres of
                 distribution space to Grupo Carreras in Spain
Luxembourg -27 January 2010 - ProLogis European Properties (Euronext: PEPR), one
of Europe's largest owners of modern warehouse distribution facilities, today
announces that it has signed a new twelve year lease agreement with Spanish
logistics company Grupo Carreras for a total of 48,400 square metres at ProLogis
Park Penedés in Catalonia, Spain.

Fernando Carreras, director of the Warehouse and Distribution Division at Grupo
Carreras, commented: ¨In order to accommodate for the rapid expansion and future
growth plans of Grupo Carreras across Catalonia we needed to expand our
facilities in the region. PEPR's modern facility at ProLogis Park Penedés is
ideally located and superbly equipped to meet our supply chain needs."

Simon Nelson, head of asset management of PEPR said: "We are delighted to have
added Grupo Carreras to our portfolio of clients. The new lease agreement, which
is in line with current market rents, demonstrates the quality of the PEPR
portfolio and our local market knowledge, which enables us to respond quickly to
continuing demand from occupiers for well-located, high quality logistics
space."

The transactions were completed on behalf of PEPR by ProLogis (NYSE: PLD),
manager of the PEPR portfolio.

                                     -Ends-

For further information, please contact:
Investor relations
ProLogis European Properties
Jennifer van der Eem
+44 207 518 8708
jvandereem@prologis.com 

Media
M:Communications
Ed Orlebar / Charlotte McMullen
+44 20 7920 2323 or 7920 2349
orlebar@mcomgroup.com  / mcmullen@mcomgroup.com




About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, is one of the largest pan-European owners
of high quality distribution and logistics facilities.PEPR was established in
1999 as a closed-end, real estate investment fund, externally managed by a
subsidiary of ProLogis (NYSE: PLD), a leading global provider of industrial
distribution facilities. In September 2006, PEPR was listed on Euronext
Amsterdam.

As at 30 September 2009, PEPR has a portfolio of 232 buildings, covering 4.9
million square metres in 11 European countries, with a market value of EUR2.8
billion. The portfolio has an occupancy level of 96.3% and an average of 3.4
years to the next lease break or 5.5 years to lease expiry.



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    Press release (PDF): http://hugin.info/139145/R/1377666/338480.pdf