Commercial real estate

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2007-02-14

Great Britain | Property Companies, Commercial Property Investment, Property Markets, Property Investment, Towns, Commercial property: Industrial, Commercial Property Trend

European real estate developer Parkridge to sell industrial business to ProLogis

London: LONDON – Parkridge, a privately owned European real estate developer, said Monday it agreed to sell its industrial business to ProLogis, the world's largest owner, manager and developer of distribution facilities, for about 298 million pounds ($581 million) in cash and stock.

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