Prologis And GIC Form $1.6B JV To Develop And Own Build-To-Suit Logistics Facilities Across Major U.S. Markets

Prologis, Inc. and GIC have established a $1.6 billion joint venture to develop and own build-to-suit logistics facilities in major U.S. markets. The venture will initially focus on a portfolio of approximately 4.1 million square feet, with potential for further investments. Prologis is recognized as the largest logistics real estate company globally, managing $230 billion in assets across 20 countries.