Prologis & GIC Establishes $1.6B U.S. Build-to-Suit Logistics Joint Venture

Key Takeaways Prologis and GIC form a $1.6B JV to develop U.S. build-to-suit logistics facilities.Initial portfolio spans 4.1M sq. ft., with added capacity for future investments as demand grows.Prologis started more than 60% worth of development projects being build-to-suit in 2025.Prologis, Inc. (PLD) and GIC, a leading global institutional investor, announced the formation of a joint venture (JV) to focus on developing and owning build-to-suit logistics facilities in key U.S. markets.The JV includes $1.6 ...