DENVER-ProLogis, a Denver-based REIT, remains optimistic about a rebound even after its mounting debt and massive investment in Europe. The company plans to utilize proceeds from sales of assets to pay a debt of $1.2 billion and to finance new projects by raising $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 feel it is a major threat to the company's financial position. For the full story, go to Wall Street Journal.
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