Prologis, Inc. (NYSE: PLD), the leading global player in logistics real estate, announced the successful clearance of all redemption requests up to June 30, 2023, for its two significant strategic capital funds, the Prologis European Logistics Fund (PELF) and the Prologis U.S. Logistics Fund (USLF).
In addition to this achievement, the company disclosed a fresh commitment of $500 million to these funds, allocating €250 million to PELF and $250 million to USLF. This capital infusion is set to empower the funds for further investment in premium industrial assets, creating substantial value for investors while consolidating Prologis’ dominant position in the global logistics real estate sector.
Karsten Kallevig, Managing Director of Global Strategic Capital at Prologis, commented, “Industrial real estate remains an attractive avenue for capital investment, particularly considering the well-located, high-quality portfolios of USLF and PELF. These investment vehicles have consistently demonstrated exceptional performance across market cycles, and with external valuations now aligned with the market, we see this as an opportune time for further investment.”
PELF and USLF are strategically positioned in high-growth markets across the globe, featuring properties in key economic hubs. PELF, with a portfolio spanning over 161 million square feet (MSF*), and USLF, with a portfolio covering more than 123 MSF*, are dedicated to delivering industry-leading, risk-adjusted returns while offering investors an unparalleled experience.
ABOUT PROLOGIS
Prologis, Inc. stands as the preeminent global leader in logistics real estate, with a primary focus on high-barrier, high-growth markets. As of June 30, 2023, the company’s portfolio encompassed properties and development projects totaling approximately 1.2 billion square feet (114 million square meters) across 19 countries, either owned outright or held through co-investment ventures. Prologis specializes in leasing state-of-the-art logistics facilities to a diverse clientele of approximately 6,700 customers, predominantly within two key segments: business-to-business and retail/online fulfillment.
