Prologis and GIC Enter $1.6 Billion Joint Venture for Custom Logistics Facilities

Prologis and GIC have formed a $1.6b joint venture to develop build-to-suit logistics facilities in major US markets. The partnership combines Prologis' development and operating capabilities with institutional capital to expand its logistics real estate platform. The venture focuses on custom, long-term leased properties tailored to individual tenant requirements, providing predictable cash flows and aligning with Prologis' narrative around pent-up demand, supply chain resilience, and long-term tenant commitments.