Prologis has selected Apex Group to provide full depositary and transfer agency services to Prologis European Logistics Fund (PELF).
The fund, which is domiciled in Luxembourg, will be serviced by the Apex Group subsidiary, European Depositary Bank (EDB).
Formed in August 2007, PELF is a European open-ended logistics fund which owns and operates core industrial distribution properties across Europe.
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.”
David Rhydderch, global head of financial solutions at Apex Group, said: “We are delighted to have been appointed by Prologis and forge a long-term partnership. This is a significant endorsement of our depositary and transfer agency capabilities through EDB.”
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