Barron's, 24 Dec 2008, Tiernan Ray
The biggest gainer on the New York Stock Exchange this morning, up 29%, or $3, at $13.50, is ProLogis (PLD), the $3.44 billion Denver-based REIT that focuses on warehouse properties, on yesterday’s announcement that it will sell its operations in China and property fund interests in Japan, to affiliates of GIC Real Estate (GIC RE), the Singapore Government’s Investment Corporation, for $1.3 billion in cash.
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