Prologis Completes $1.3 Bln In Contributions

(RTTNews) - Prologis Inc. (PLD), the operator of industrial real estate, said Monday that the company completed more than $1.3 billion in contributions to date in the fourth quarter, of which about $1 billion was Prologis' share of the proceeds.

The contributions comprised

- Approximately $731 million in contributions to Nippon Prologis REIT in Japan, of which $620 million was the company's share

- and approximately $589 million in contributions in Europe to four of its co-investment vehicles, of which $400 million was the company's share.

The company expects to realize approximately $140 million in value creation.

Additionally, the company has $1 billion of contributions, with Prologis' share at 55 percent, that are expected to close in January 2014, subject to customary closing conditions.