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Stock impact report

Prologis And GIC Partner On US$1.6b Build To Suit Expansion [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
Prologis (NYSE:PLD) and GIC have agreed to form a US$1.6b joint venture focused on build to suit logistics facilities in the U.S. The partnership is intended to fund and develop customized distribution and warehousing projects for specific tenant needs. The venture is positioned around demand for tailored logistics real estate tied to supply chain and e commerce requirements. For you as an investor, this joint venture reinforces what Prologis already focuses on: large scale logistics and industrial real estate. Build to suit projects, where facilities are developed around a particular tenant's requirements, have become more visible as companies refine distribution networks and seek more efficient warehouse footprints. The partnership with GIC aligns with that pattern of demand for purpose built logistics assets across the U.S. The US$1.6b commitment also adds another capital source alongside Prologis' own balance sheet, which can influence how the company approaches future de Show less Read more
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