DENVER-ProLogis, a Denver-based REIT, remains optimistic about arebound even after its mounting debt and massive investment inEurope. The company plans to utilize proceeds from sales of assetsto pay a debt of $1.2 billion and to finance new projects byraising $1.3-1.5 billion.
Nearly 35% of ProLogis's current projects are located in Europe.ProLogis has plans to invest more in Europe even as analysts feelit is a major threat to the company's financial position.For the full story, go to Wall Street Journal.
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