BAA 'close to £700m deal with Prologis'

By A staff reporter 2008-04-07T00:00:00

UK airports operator BAA is close to completing the £700mln sale of its industrial property portfolio to US distribution giant Prologis, the Sunday Times reported. A sale of BAA's non-core portfolio is seen as essential to re-finance the massive £10bn in debt incurred when Spanish infrastructure group Ferrovial acquired BAA ...

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