Prologis, a global logistics real estate firm, has launched Prologis China Core Logistics Fund (PCCLF), a new $1.7 billion open-end fund focusing on the Chinese logistics market, increasing its development capacity to more than $3.5 billion.
Prologis also expanded its development venture in China, known as Prologis China Logistics Venture 3, with an additional commitment of $882 million from the company and HIP China Logistics Investments. With leverage, this will allow the venture to develop approximately $3.5 billion of logistics properties in China.
“China represents the largest consumption opportunity in the world, with a sophisticated and rapidly-growing e-commerce market,” said Eugene Reilly, CIO of Prologis. “Our strategy in China is to invest in the highest-quality logistics assets located in the most important consumption markets in the country.”
In addition, the company formed PCCLF, a perpetual life fund that will invest in operating logistics
