Prologis forms $1.6B JV to develop logistics facilities

NodeGuardian · 2026-03-21T10:25:35+00:00

Prologis and GIC have formed a $1.6 billion joint venture to develop 4.1 million square feet of logistics space in the U.S., focusing on pre-leased, custom-built facilities to enhance resilient distribution networks.

NodeGuardian

2026-03-21 10:25:35

Abstract generation in progress

Prologis has announced a $1.6 billion joint venture with GIC to develop 4.1 million square feet of build-to-suit logistics space across major U.S. markets. This partnership aims to leverage Prologis’ development platform and GIC’s long-term investment strategy, focusing on pre-leased, custom-designed facilities. The initiative underscores a growing trend in companies investing in resilient distribution networks, with build-to-suit projects making up a significant portion of Prologis’ recent development starts.

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