Prologis opts for Apex
August 6, 2019

Prologis, a player in industrial real estate, announced that it has selected Apex Group to provide full depositary and transfer agency services to Prologis European Logistics Fund (PELF).

PELF is Europe's largest open-ended logistics fund, with class-A assets located in high-consumption markets. Valued at 10.6bn, the portfolio consists of 10.5 million square meters across 12 countries. The fund was formed in August 2007 with the purpose of owning and operating core industrial distribution properties across Europe.

The fund, which is domiciled in Luxembourg, will be serviced by the Apex Group Subsidiary, European Depositary Bank (EDB). Apex was chosen as a provider due to the unique breadth and depth of its services, the quality of its team, and the group's commitment to a responsive and client-centred approach. Apex's large presence in Europe, and capabilities in Luxembourg (with over 600 employees based locally in the jurisdiction), teamed with its complete end-to-end service offering and powerful global infrastructure was a clear differentiator.

Gert-jan Meerkerk, head of Prologis Luxembourg commented: "Apex demonstrated a clear understanding of our fund structure and investing requirements, enabling them to tailor their solutions to uniquely support us. They brought a truly market-leading and pragmatic approach, which has been quickly and seamlessly integrated. This collaboration will enable PELF to further drive efficiencies."





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Prologis, a player in industrial real estate, announced that it has selected Apex Group to provide full depositary and transfer agency services to Prologis European Logistics Fund (PELF).

PELF is Europe's largest open-ended logistics fund, with class-A assets located in high-consumption markets. Valued at 10.6bn, the portfolio consists of 10.5 million square meters across 12 countries. The fund was formed in August 2007 with the purpose of owning and operating core industrial distribution properties across Europe.

The fund, which is domiciled in Luxembourg, will be serviced by the Apex Group Subsidiary, European Depositary Bank (EDB). Apex was chosen as a provider due to the unique breadth and depth of its services, the quality of its team, and the group's commitment to a responsive and client-centred approach. Apex's large presence in Europe, and capabilities in Luxembourg (with over 600 employees based locally in the jurisdiction), teamed with its complete end-to-end service offering and powerful global infrastructure was a clear differentiator.

Gert-jan Meerkerk, head of Prologis Luxembourg commented: "Apex demonstrated a clear understanding of our fund structure and investing requirements, enabling them to tailor their solutions to uniquely support us. They brought a truly market-leading and pragmatic approach, which has been quickly and seamlessly integrated. This collaboration will enable PELF to further drive efficiencies."



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