NYSE:PLDIndustrial REITs
Prologis GIC Venture Reshapes Build To Suit Growth And Valuation Outlook
Prologis (NYSE:PLD) has entered a US$1.6b joint venture with GIC to expand its build to suit logistics facilities platform in key U.S. markets.
The partnership focuses on pre leased, custom designed logistics properties that aim to serve long term, mission critical supply chain needs.
The joint venture introduces a different capital structure for Prologis’ development pipeline, with institutional backing from GIC.
For investors tracking logistics real estate, Prologis is a central player,...