Prologis commits $500m to U.S., E.U. funds
Prologis has announced an additional commitment of $500 million to two funds: €250 million ($271 million) in Prologis European Logistics Fund (PELF) and $250 million in Prologis U.S. Logistics Fund (USLF). This new infusion of capital will allow the funds to further invest in high-quality industrial assets, creating value for investors and strengthening Prologis’s position as the global leader in its sector.
“Industrial real estate continues to be an attractive place for capital investment, especially USLF and PELF’s well-located and high-quality portfolios,” said Karsten Kallevig, managing director, Global Strategic Capital at Prologis. “These vehicles have proven to have exceptional performance across market cycles. Now that external valuations have caught up with the market, we view this as a good time to invest.”
PELF and USLF operate in high-growth markets worldwide, with properties in major centers of commerce. PELF (with a portfolio that spans mor