Global Finance News
19 Mar 2026, 22:32
Prologis and GIC announced the formation of a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets.
The partnership includes an initial portfolio of approximately 4.1 million square feet, with additional capacity for future investments. It combines Prologis’ development and operational expertise with GIC’s long-term institutional capital, and will operate under Prologis Strategic Capital.
The venture targets growing demand for customized logistics facilities driven by e-commerce expansion, supply chain reshoring, and resilient consumer spending. Build-to-suit projects, which are typically pre-leased and designed for long-term use, are seen as offering stable returns and lower risk, reinforcing Prologis’ strategy to scale its development pipeline alongside institutional partners.
PRNewsaire
The partnership includes an initial portfolio of approximately 4.1 million square feet, with additional capacity for future investments. It combines Prologis’ development and operational expertise with GIC’s long-term institutional capital, and will operate under Prologis Strategic Capital.
The venture targets growing demand for customized logistics facilities driven by e-commerce expansion, supply chain reshoring, and resilient consumer spending. Build-to-suit projects, which are typically pre-leased and designed for long-term use, are seen as offering stable returns and lower risk, reinforcing Prologis’ strategy to scale its development pipeline alongside institutional partners.
PRNewsaire