newsfilter
← Latest News
PR Newswire·

Prologis and GIC Form $1.6 billion U.S. Build-to-Suit Logistics Joint Venture

PLD
  • Prologis & GIC formed a $1.6 billion joint venture to develop & own build-to-suit logistics facilities across major U.S. markets.
  • The venture includes an initial portfolio of approximately 4.1 million square feet with capacity for future investments.
  • Prologis will operate the joint venture within its Prologis Strategic Capital asset management business.
  • GIC cited strong e-commerce growth, supply chain re-shoring, & resilient consumer spending as key drivers for the industrial sector investment.
  • Build-to-suit projects accounted for over 60% of Prologis' $3.1 billion in development starts in 2025.
  • Prologis Strategic Capital currently manages $102 billion in assets, including $67 billion of third-party capital.
  • GIC is Singapore's sovereign wealth fund manager established in 1981 with investments in over 40 countries.