Existing Fund investors participating in the second round capital raise represented 74% of the new equity, demonstrating their support of ProLogis' European strategy.

In addition, several new investors joined the Fund, including ATP (Denmark), IMMOWEST Immobilien Anlagen AG (Austria), Kommunernes Pensionsforsikring A/S (Denmark), and Metropolitan Life Insurance Co. (US).

Established in September 1999, the Fund has grown its base to approximately $2.8 billion in properties. Total capacity related to the second financing of the Fund, including ProLogis' expected equity investment and debt financing, is approximately $1.9 billion. Combining the existing fund capacity with the additional capital from the second raise and debt, the Fund has the ability to grow to more than $4.9 billion.