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Prologis and GIC Form $1.6 billion U.S. Build-to-Suit Logistics Joint Venture - Prologis (NYSE:PLD)

Summary by Benzinga
Partnership to Fund Build-to-Suit Distribution Projects Across Major U.S. Markets SAN FRANCISCO and SINGAPORE, March 19, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD) and GIC, a leading global institutional investor, have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets, the companies announced today. The new venture includes $1.6 billion in combined capital commitments, which i…

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Benzinga broke the news in New York, United States on Thursday, March 19, 2026.
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