Deals

Prologis and GIC launch $1.6bn build-to-suit venture

Thursday, March 19, 2026 · first reported by PERE and 1 other

Prologis and Singapore's GIC have formed a $1.6 billion joint venture targeting build-to-suit industrial logistics developments across the U.S., including a portfolio of 4 million square feet. The partnership combines the world's largest owner of industrial space with one of the world's largest sovereign wealth funds to deploy capital into logistics real estate.

Firm

Prologis

Also named

GIC

Deal value

$1.6B

Asset class

Real estate

Geography

Global

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