Prologis Backs $1.6B Logistics Expansion With GIC Partnership

Key Details Prologis has partnered with institutional investor GIC on a $1.6 billion joint venture to develop 4.1 million square feet of build-to-suit logistics facilities across major U.S. markets. The venture operates under Prologis Strategic Capital and is structured to scale as customer commitments are secured, with room for future expansion. Why It Matters Build-to-suit projects represent growing customer confidence in long-term supply chain investments. These custom-designed facilities let shippers prioritize automation, throughput, and location while offering institutional investors pre-leased properties with lower risk profiles. Last year, build-to-suit projects made up over 60% of Prologis' $3.1 billion in development starts. Market Outlook The partnership reflects strong tailwinds including e-commerce growth, supply chain re-shoring, and consumer spending resilience. Prologis, the world's largest logistics real estate operator, manages 1.3 billion square feet across 20 countries with $230 billion in assets. The deal pairs Prologis' development expertise with GIC's long-term investment perspective to capitalize on sustained industrial real estate demand in North America.