By Kyle Fishburn and Allen Kenney

Industry experts have named ProLogis (NYSE: PLD) "Best Developer in China."

The warehouse developer received the award as part of the Euromoney Liquid Real Estate awards, honoring a variety of real estate industry members for their accomplishments around the world. ProLogis has invested nearly $2 billion in China since it set up shop there three years ago. At the end of June 2007, the company had approximately 13 million square feet in industrial space either in service or under development.

"We're extremely gratified to receive this recognition, especially since it is based on the judgment of peers and other professionals involved in global real estate," says Jeff Schwartz, ProLogis chairman and chief executive officer. "It is testament to the talent and hard work of our entire China organization, which continues to build a leadership position for ProLogis in key distribution markets across the country."

ProLogis' assets in China make up a small part of the company's worldwide portfolio. ProLogis maintained in excess of 2,500 properties worth approximately $30 billion as of June 30, 2007.

The awards were given based on a poll of 570 real estate and financial professionals.

EPRA Publishes Global REIT Study The European Public Real Estate Association (EPRA) released its Global REIT Survey in August, a compendium of REIT regimes and analogous public real estate investment vehicles around the world. The new survey updates the last version, which was issued in 2004. The guide includes detailed descriptions of every REIT regime across the globe, including information on the history of REIT legislation, listing requirements, activity tests, foreign ownership rules and tax implications. Former EPRA Chief Executive Officer Nick J.M. van Ommen noted "tremendous developments around the world in the REIT arena, not least in Europe" during the intermediary period since the last study was published. "Listed real estate has firmly established itself as a separate asset class, and governments around the world have adopted the merits of tax transparent structures," he wrote in the survey's introduction. Contributors to the survey include: Ernst & Young, Blake, Cassels and Graydon LLP, Jones Day, Loyens Loeff and NAREIT.