One of the dominant developers of industrial properties just got a little bigger.
Singaporean industrial giant GLP was planning on taking its U.S. arm public at a $20B valuation, but Prologis may swoop in for an acquisition by itself.
Industrial giant Prologis will get even bigger with the $12.6B, all-stock acquisition of Liberty Property Trust, adding 107M SF of warehouses to its portfolio.
The nation's largest industrial real estate owner might see a worse story come May but anticipates tailwinds once the economy starts to reopen.
In Europe converting retail to logistics is even harder than in the U.S.
Prologis is in such an advantageous position as the largest industrial landlord in the world that it can "pick and choose its occupancy," its CEO said.
Prologis just paid $100M for a moderately sized warehouse on Chicago's Goose Island, another sign of how desirable fulfillment and logistics space has become.
Warehouse and industrial giant Prologis just announced a new chief financial officer.
Prologis had a powerful Q3 as tenants rush to lock down space amid supply chain issues.
Prologis chucks in a bid for Blackstone's last-mile portfolio.
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