Spec/BTS pipeline + GIC JV + acquisitions/divestitures
Key Questions
What are Prologis' development starts and pipeline projections?
Prologis reported Q1 starts of $2.1B with 2026 projections of $4.5-5.5B, of which 40% is allocated to data centers.
What is the GIC BTS deal with Prologis?
Prologis entered a $1.6B BTS agreement with GIC alongside other activity including Blackstone acquisitions and a 6.5M SF India expansion.
What yields are Prologis achieving on its developments?
Active projects are generating approximately 14% gross yields and 10% net yields on cost.
What new project received approval in Caledon, Ontario?
A Prologis mega-logistics hub received committee approval in Caledon despite concerns over traffic, infrastructure, and land use.
How is Prologis managing its portfolio through divestitures?
Prologis is pruning its portfolio via targeted divestitures while maintaining focus on higher-yield BTS and data center opportunities.
Q1 $2.1B starts/2026 $4.5-5.5B (40% DC); $1.6B GIC BTS, Blackstone acq, India 6.5M SF, WLS extension. ~14% gross / 10% net yields; portfolio pruning via divestitures. New: Caledon, Ontario mega-logistics hub committee approval amid traffic/infrastructure/land-use concerns.