BUSINESSglobal
Prologis, GIC Form $1.6B Industrial Build-to-Suit Joint Venture
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Updated 3 hours ago
First seen March 20, 2026 02:56:12Stay on top of this story
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Quick Summary
The world’s largest owner of industrial space and one of the world’s largest sovereign wealth funds have, unsurprisingly, joined forces. San Francisco-based Prologis and Singapore’s GIC have formed a $1.6 billion joint venture targeting build-to-suit logistics developments across the U.S. The JV includes an existing portfolio of 4 million square feet, with undefined “additional capacity” […]