ProLogis to Participate in the NAREIT U.S. REIT Day in Germany

DENVER, Jan. 24 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it is participating in NAREIT's U.S. REIT Day in Germany being held at the Steigenberger Frankfurter Hof in Frankfurt, Germany, on January 25, 2007. Luke Lands, Europe chief financial officer for ProLogis, will be participating in a panel entitled "Real Estate Acquisitions in the Global Market" at 11:45 am CET. Additionally, Mr. Lands will be giving a company presentation at 2:15 pm CET.

A copy of the company presentation will be available in the "Presentations & Webcasts" section of the ProLogis website at http://ir.prologis.com.

About ProLogis

ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 81 markets across North America, Europe and Asia. The company has $25.3 billion of assets owned, managed and under development, comprising 406.9 million square feet (37.8 million square meters) in 2,406 properties as of September 30, 2006. 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 more than 1,200 people worldwide.

SOURCE ProLogis

Released January 24, 2007