Prologis and GIC Form $1.6 billion U.S. Build-to-Suit Logistics Joint Venture

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 includes an initial portfolio of approximately 4.1 million square feet with additional capacity for future investments. Prologis is the world’s largest logistics real estate company, with 1.3 billion square feet of properties in 20 countries and $230 billion of assets under management.