Spec/BTS pipeline + acquisitions/divestitures
Key Questions
Where is Prologis targeting speculative warehouse builds?
Prologis is pursuing spec builds across 24+ markets, supported by an 18% YoY rise in warehouse construction activity.
What new build-to-suit project is Prologis developing?
Prologis is underway on a 270k sq ft BTS facility for Daimler in Portland and breaking ground on two spec warehouses in Chicago.
What recent acquisitions has Prologis completed?
Prologis acquired a North San Jose tech/research building for $11.6M and a Trafford Park regeneration site in the UK for a 200k sq ft all-electric facility.
Who are the new leaders in Prologis' development team?
Travis Harvey was promoted to Global Head of Development and Sheila Sutton to Head of Development Management for the U.S. East.
How does warehouse scarcity support Prologis' development plans?
Tightening vacancy and rising construction validate the $4.5-5.5B pipeline, as noted in recent industry analysis.
What is the scale of Prologis' data center starts this year?
Prologis reported $2.1B YTD data center starts alongside a 5.8GW power pipeline.
Why is Prologis increasing speculative development?
Recovery in warehouse construction and infill demand in key markets justify expanding the spec pipeline.
What market trends validate Prologis' strategy?
Articles highlight the quiet return of warehouse scarcity and strong first-half industrial leasing as tailwinds for pricing and development.
PLD now targeting spec builds across 24+ markets. Prologis to develop 271k sq ft build-to-suit for Daimler in Portland (36-ft clear heights, LEED pursuit, wetlands restoration on former golf course). Chicago industrial market article notes Prologis breaking ground on two spec warehouses in Chicago. Infill acquisitions: North San Jose tech/research building for $11.6M. Prologis UK snaps up Trafford Park regeneration site for 200k sq ft all-electric facility. Also: Prologis UK's DIRFT expansion (Daventry International Rail Freight Terminal) adds to build-to-suit pipeline. Leadership: Travis Harvey promoted to Global Head of Development, Sheila Sutton to Head of Development Management U.S. East. Warehouse construction recovery (18% YoY increase) validates $4.5-5.5B development plans. The 'Quiet Return of Warehouse Scarcity' article reinforces rationale for speculative development. Prologis acquired a portfolio of 10 industrial properties in Broward County, FL for $352M ($308/sq ft, 97% leased) as part of a cross-deal with California assets. A top sales/leases listicle highlights a Prologis warehouse lease in the Inland Empire, signaling demand rebound. A recent article, 'Four Countries, One Message: Asia-Pacific Is Running Out of Warehouses Institutional Investors Actually Want,' highlights scarcity of institutional-grade warehouses in Japan, Korea, India, and Australia, validating PLD's global footprint and development/acquisition strategy in APAC. Prologis plans a 700k sq ft warehouse scheme in Warwickshire, UK, with community benefits and sustainability targets. Prologis supports Relay's rapid UK growth at Prologis Park West London, with Prologis Ventures involvement. Prologis is seeking approval for a 700k sq ft cold storage facility in Australia, addressing a shortfall in cold storage capacity. City of Surrey and Prologis advance proposed lease for major development in British Columbia. Prologis completes new 437,000 sq. ft. warehouse in I-287 corridor (NJ) with 40-ft clear heights, 46% pre-leased. DFW industrial market record leasing (40.3M SF H1) validates PLD's development pipeline in a core market. Landbanking trend also supports land acquisition for spec builds. A recent article, 'How the US property recovery extends beyond AI,' reinforces that industrial demand is strong beyond AI hype, citing PLD's record leasing and SoCal vacancy decline.