Real Estate Central

DENVER, July 23 /PRNewswire-FirstCall/ — ProLogis (NYSE: PLD), the
world’s largest owner, manager and developer of distribution facilities,
announced today that Philip Dunne has joined the company as Chief Operating
Officer, Europe and the Middle East, a new role within the company.

Mr. Dunne is the former Chief Operating Officer - EMEA at Jones Lang
LaSalle, a global financial and professional services firm specializing in
real estate services and investment management. He will assume his new role
on December 1, 2008.

Most recently, Mr. Dunne has led the deployment and execution of
business strategy across the EMEA region overseeing operations to support
the business in a period of unprecedented growth for the company and the
industry as a whole. In addition, Mr. Dunne spent five years as Chief
Operating Officer for the company’s Central and Eastern Europe and Russia
region, and was instrumental in the development of those businesses while
overseeing all business support functions and infrastructure. Prior to
joining Jones Lang LaSalle’s EMEA business, Mr. Dunne worked with the
company’s European Finance team based in London. Mr. Dunne is an Associate
of the Chartered Institute of Management Accountants (CIMA).

“Philip’s experience, energy and drive will be a strong addition to our
European leadership,” said Gary E. Anderson, ProLogis president of Europe
and the Middle East. “He brings a wealth of knowledge and expertise in
managing businesses through change and will be an important addition to our
management team as we pursue our growth plans. I am delighted to have him
join our team.”

About ProLogis

ProLogis is the world’s largest owner, manager and developer of
distribution facilities, with operations in 121 markets across North
America, Europe and Asia. The company has $38.8 billion of assets owned,
managed and under development, comprising 526.3 million square feet (48.9
million square meters) in 2,817 properties as of March 31, 2008. ProLogis’
customers include manufacturers, retailers, transportation companies,
third-party logistics providers and other enterprises with large-scale
distribution needs. Headquartered in Denver, Colorado, ProLogis employs
over 1,500 people worldwide.

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[Via Real Estate Newswire]