It has come to the knowledge that ProLogis, the well-known worldwide provider of distribution facilities is going to participate in Citi’s 2009 Global Property CEO Conference being held at the Ritz-Carlton, in Naples, Florida, between March 2 to 4, 2009. Who is going to represent ProLogis? It has been learnt that the Chief Executive Officer for ProLogis Walt Rakowich will represent the organization. He, as has been found, will take part in a roundtable discussion on the company at 1:15 pm Eastern Time on Tuesday, March 3, 2009. For the benefit of all it will be made available and you may listen to this conversation live by dialing (719) 785-5595 and using the passcode 348395.
The meeting is going to be held at a time when the whole world is in the midst of a deep fiscal crisis and the worst has befallen in the economy of the United States of America as a result. For these reasons the meting will be highly crucial and a copy of the slides used in the one-on-one meetings will be available at 7:45 am Eastern Time, on March 2, 2009, in the “Presentations & Webcasts” section of the ProLogis Investor Relations website at http://ir.prologis.com.
As indicated by the insiders of the company, the company will discuss on specified subjects only. The foremost of them happens to be the progress connected to the Action Plan that it did sketch in its last investor meeting on November 13, 2008. This consists of de-leveraging its balance sheet, re-financing and/or renegotiating debt maturities on ProLogis’ balance sheet and in its property funds and the reduction of its development pipeline.
ProLogis happens to be one of the foremost worldwide providers of distribution facilities and is also the proud possessor of more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,000 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs.
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