Prologis and GIC Form $1.6 Billion Joint Venture for Build-to-Suit Logistics Facilities

Prologis, Inc. and GIC have announced a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets. This partnership aims to leverage Prologis' development expertise and GIC's long-term capital to meet the growing demand for customized logistics solutions.