Spec/BTS pipeline + GIC JV + acquisitions/divestitures
Key Questions
What is the size of Prologis' development pipeline?
Prologis started $2.1B in Q1 projects and expects $4.5-5.5B in starts for 2026, with 40% allocated to data centers.
What major JV did Prologis announce with GIC?
A $1.6B BTS JV with GIC focuses on developments in India totaling 6.5M SF.
What acquisitions and divestitures did Prologis complete recently?
Prologis acquired a $352M industrial portfolio in Broward County and a 26-acre site in Glendale Heights, IL, while selling a Savannah asset for $75M to recycle capital.
What sustainability initiatives is Prologis pursuing?
The company expanded its California renewable energy projects under the Five Project Initiative and partnered on Spain's largest EV truck charging hub in Valencia.
What new UK leases were signed at Prologis parks?
Top Cloud leased 155,000 sq ft for 10 years at Prologis Park Midpoint, and elasticStage signed a 15-year net-zero lease for 53,787 sq ft at Prologis Park Hemel Hempstead.
What redevelopment is Prologis undertaking in Tokyo?
Prologis will redevelop the former Yamato Transport facility in Koto Ward into an urban logistics asset as part of its global infill strategy.
What land acquisitions support Prologis' infill strategy?
Recent buys include a 14.2-acre vacant site in San Jose for $14M and a 26-acre parcel in Glendale Heights for a 454K SF spec development.
How is Prologis addressing renewable energy and tenant needs?
Initiatives include the Clean Power Alliance partnership and retaining racking infrastructure via Prologis Essentials for new tenants like Top Cloud.
Q1 $2.1B starts/2026 $4.5-5.5B (40% DC); $1.6B GIC BTS, India 6.5M SF. $352M Broward County industrial buy. Savannah $75M sale for capital recycling. Blue Lagoon infill near MIA. Brownsburg tax abatement approved with resident opposition. Prologis Five Project Initiative expands CA renewable energy; Spain's largest EV truck charging hub (Valencia); Clean Power Alliance renewables partnership. PLD acquired a 14.2-acre vacant industrial site in San Jose for $14M, continuing infill capital deployment. Also: 26-acre acquisition in Glendale Heights, IL for 454K SF spec development—largest new development in submarket history. Top Cloud signed a 155,000 sq ft 10-year lease at Prologis Park Midpoint in the UK, with retention of existing racking via Prologis Essentials, signaling strong operational execution and tenant demand in UK logistics hubs. elasticStage signed a 15-year, 53,787 sq ft net-zero lease at Prologis Park Hemel Hempstead (UK) for advanced manufacturing, BREEAM Outstanding, further demonstrating UK portfolio strength and ability to attract specialized long-term tenants. New: Prologis to redevelop former Yamato Transport facility in Tokyo as part of Urban series expansion, continuing global infill strategy.