****Spec/BTS pipeline + GIC JV + acquisitions [developing] [developing]
Key Questions
What is the Prologis-GIC joint venture?
Prologis and GIC formed a $1.6B U.S. BTS JV for 4.1M SF of pre-leased custom logistics space. It scales investor income and asset-light strategy. The venture targets high-demand logistics developments.
Details on Prologis' India project?
Prologis broke ground on Chennai Redhills, a 1.1M SF facility in June 2026. It expands footprint in growing Asian logistics markets. This aligns with global BTS pipeline.
What Phoenix acquisition did Prologis make?
Prologis acquired the Cotton 303 Logistics Center in Glendale, Phoenix for $104M; it's 915,160 SF. This bolsters their U.S. portfolio. Additional Houston/Austin DC projects are in pipeline.
What European developments is Prologis pursuing?
Prologis advanced Poland Poznań III with Arvato and acquired France/UK energy assets. These support spec/BTS growth. Leadership roles like VP Capital Deployment in France drive expansion.
How does the GIC JV fit Prologis' strategy?
The JV reframes Prologis' asset-light approach for long-term investors via custom BTS. It leverages GIC capital for scalable logistics. Prologis maintains strong occupancy and leasing momentum.
$1.6B Prologis-GIC U.S. BTS JV (4.1M SF pre-leased); India Chennai Redhills 1.1Msf groundbreaking Jun 2026; Poland Poznań III Arvato; Phoenix Cotton 303 $104M; Houston/Austin DCs; Lehigh/Trenton; France/UK energy assets.