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18/12/2006

18 December 2006 – Luxembourg and London – ProLogis European Properties (Euronext: PEPR), a leading pan-European owner and operator of high quality distribution and logistics facilities, today announces the appointment of Jennifer van der Eem as Vice President, Investor Relations.

Ms van der Eem will join PEPR on 15 January 2007. She has been with Land Securities Group plc since October 2002 where she held the position of Investor Relations Manager. Previous roles include Investor Relations Manager for J Sainsbury plc and Assistant Manager, Group Investor Relations, for NatWest Bank plc.

Robert Watson, CEO of ProLogis European Properties commented: “We are delighted that Jen will be joining PEPR and managing our investor relations programme. Her extensive experience in the property sector will serve as an invaluable resource for investors and analysts who follow the company.”

Contacts
M:Communications +44 20 7153 1538 or 7153 1523
Sarah Hamilton / Ed Orlebar
hamilton@mcomgroup.com / orlebar@mcomgroup.com

About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, which listed on Euronext Amsterdam on 22 September, 2006, is a leading pan-European owner and operator of high quality distribution and logistics facilities. PEPR's portfolio of real estate is located in 25 submarkets within 11 European countries. Established in 1999, PEPR is a real estate investment fund (organised as a Luxembourg closed-ended fonds commun de placement) externally managed by a subsidiary of ProLogis, a leading U.S. based real estate investment trust that operates a global network of industrial distribution properties

As at the end of September 2006, PEPR owned 275 distribution facilities covering approximately 5.3 million square metres of leasable space. PEPR’s customers are large third party logistic service providers as well as a broad range of companies in the retail and manufacturing sectors.

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