Attached files
file | filename |
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EX-4.2 - EX-4.2 - PROLOGIS | d69820exv4w2.htm |
EX-1.1 - EX-1.1 - PROLOGIS | d69820exv1w1.htm |
EX-4.1 - EX-4.1 - PROLOGIS | d69820exv4w1.htm |
EX-4.3 - EX-4.3 - PROLOGIS | d69820exv4w3.htm |
8-K - FORM 8-K - PROLOGIS | d69820e8vk.htm |
Exhibit 5.1
Mayer Brown LLP
71 South Wacker Drive
Chicago, Illinois 60606-4637
71 South Wacker Drive
Chicago, Illinois 60606-4637
Main Tel +1 312 782 0600
Main Fax +1 312 701 7711
www.mayerbrown.com
Main Fax +1 312 701 7711
www.mayerbrown.com
October 30, 2009
ProLogis
4545 Airport Way
Denver, Colorado 80239
4545 Airport Way
Denver, Colorado 80239
Re: | ProLogis Registration Statement on Form S-3 (File No. 333-157818) |
Ladies and Gentlemen:
We have acted as special counsel to ProLogis, a Maryland real estate investment trust
(ProLogis), in connection with the registration under the Securities Act of 1933, as amended (the
Securities Act), of $600,000,000 aggregate principal amount of ProLogiss 7.375% Notes due 2019
(the Notes), as described in the prospectus, as supplemented, relating to the Notes contained in
ProLogiss Registration Statement (File No. 333-157818) (the Prospectus). The Notes have been
issued under the Indenture dated as of March 1, 1995, between ProLogis and U.S. Bank National
Association (as successor in interest to State Street Bank and Trust Company), as trustee, as
supplemented by a First Supplemental Indenture, dated February 9, 2005, a Second Supplemental
Indenture, dated November 2, 2005, a Third Supplemental Indenture, dated November 2, 2005, a Fourth
Supplemental Indenture, dated March 26, 2007, a Fifth Supplemental Indenture, dated November 8,
2007, a Sixth Supplemental Indenture, dated May 7, 2008, a Seventh Supplemental Indenture, dated
May 7, 2008, an Eighth Supplemental Indenture, dated August 14, 2009 and a Ninth Supplemental
Indenture, dated October 1, 2009 (collectively, the Indenture).
We have also participated in the preparation and filing with the Securities and Exchange
Commission under the Securities Act of a Registration Statement on Form S-3, as amended (File No.
333-157818) (the Registration Statement), relating to the debt securities of which the Notes are
a part. In rendering our opinions set forth below, we have examined originals or copies identified
to our satisfaction of (i) the Registration Statement, including the Prospectus; (ii) ProLogiss
Declaration of Trust; (iii) ProLogiss Amended and Restated Bylaws, as amended; (iv) resolutions of
ProLogiss Board of Trustees; (v) the Indenture and (vi) the form of the Notes. In addition, we
have examined and relied upon other documents, certificates, corporate records, opinions and
instruments, obtained from ProLogis or other sources believed by us to be reliable, as we have
deemed necessary or appropriate for the purpose of this opinion. In rendering this opinion, we
have assumed the genuineness of all signatures, the authenticity of all documents submitted to us
as originals and the conformity to authentic original documents of all documents submitted to us as
copies.
Mayer Brown LLP operates in combination with our associated English limited liability partnership.
Mayer Brown llp
ProLogis
October 30, 2009
Page 2
October 30, 2009
Page 2
Based upon and subject to the foregoing and to the assumptions, conditions and limitations set
forth herein, we are of the opinion that the Notes constitute valid and legally binding obligations
of ProLogis entitled to the benefits of the Indenture, except that (a) the enforceability thereof
may be subject to (i) bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or
other similar laws now or hereafter in effect relating to or affecting creditors rights or
remedies generally and (ii) general principles of equity and to the discretion of the court before
which any proceedings therefor may be brought (regardless of whether enforcement is sought in a
proceeding at law or in equity) and (b) the enforceability of provisions imposing liquidated
damages, penalties or an increase in interest rate upon the occurrence of certain events may be
limited in certain circumstances.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement
and to being named in the related prospectus and any related prospectus supplement under the
caption Legal Matters with respect to the matters stated therein.
We are admitted to practice law in the State of Illinois, and we express no opinion as to
matters under or involving any laws other than the laws of the State of Illinois, the laws of the
State of Maryland, the laws of the State of New York and the federal laws of the United States of
America.
Sincerely,
/s/ Mayer Brown LLP
Mayer Brown LLP