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08 prologis news ®Prologis BuildsMomentumOn 20 December 2012, Prologisannounced an agreement to formPrologis European Logistics Partners(PELP), a €2.4 billion joint venture withNorges Bank Investment Management(NBIM). The agreement, which closedin March 2013, not only completedPrologis’ European recapitalisation aheadof schedule, but also marked the endof a very promising year. As AndrewGriffiths, Managing Director of PrologisUK said, “For the first time since 2007, it’sbeginning to feel just a little like businessas usual”