ProLogis continues management shake-up

In the latest in a series of changes to senior personnel, the Denver-based logistics company has appointed a new head of global investment management and a president for Europe.

ProLogis, the Denver-based logistics property developer and fund manager, has appointed former president for Europe, Gary Anderson, as head of its global investment management business.

Philip Dunne has been appointed as Anderson’s replacement having been elevated from his previous role as chief operating and finance officer in Europe.

Anderson will be based in Denver and will be responsible for the company’s private capital relationships and overall management of ProLogis’s investment funds and joint ventures.
Dunne joined ProLogis in 2008. Prior to that, he was the chief operating officer for Europe at property services firm Jones Lang LaSalle.

The promotions are the latest in a raft of senior changes to management since the departure of former chief executive and chairman Jeff Schwartz last year which was precipitated by a restructuring programme involving a scaling back of its global operations.

The firm halted new development and curtailed entry into new international markets.

In Europe, ProLogis operates a logistics portfolio of more than 127 million square feet. The company has 475 million square feet of industrial space worldwide on its books.