ProLogis says it generated more than $36 million in proceedsfrom the disposition of the assets and a net book loss of $1million. While these transactions will be modestly accretive,ProLogis does not anticipate a material change in its earlierguidance for the expected contribution from itstemperature-controlled business for 2001.

Frigoscandia and Nordfrost have agreed to negotiate a serviceand licensing agreement so Nordfrost can continue to serveFrigoscandia's pan-European customers requiring service inGermany.

"This agreement with Nordfrost is consistent with therepositioning of our European temperature-controlled businesstoward the distribution and logistics part of the supply chain,which is characterized by multi-use facilities with multi-nationalcustomers,'' says K. Dane Brooksher, chairman and CEO of ProLogis.'' Frigoscandia's German assets were generally more focused onsingle or local customers not operating on a pan-Europeanbasis."

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