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Stock impact report

Prologis and GIC Form $1.6 billion U.S. Build-to-Suit Logistics Joint Venture [Yahoo! Finance]

Prologis, Inc. (PLD) 
Last prologis, inc. earnings: 4/21 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prologis.com
Company Research Source: Yahoo! Finance
SAN FRANCISCO and SINGAPORE March 19, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) and GIC, a leading global institutional investor, have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets, the companies announced today. The new venture includes $1.6 billion in combined capital commitments, which includes an initial portfolio of approximately 4.1 million square feet with additional capacity for future investments. Prologis is the world's largest logistics real estate company, with 1.3 billion square feet of properties in 20 countries and $230 billion of assets under management. "Build-to-suit activity continues to be one of the clearest signals of customer conviction across our business," said Daniel S. Letter, chief executive officer of Prologis. "This joint venture with GIC builds on that momentum by pairing our platform and development expertise with a partner that shares our long-term perspective." The vent Show less Read more
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