Prologis has completed the sale of a high-quality portfolio of buildings and land in Europe and the United States to Singapore-based real estate investment firm Mapletree for $1.1 billion.
The portfolio comprises 16.5 million square feet of buildings as well as 144 acres of land, including:
- 46 buildings totaling 9.9 million square feet principally in Poland, France and Hungary
- 40 buildings totaling 6.6 million square feet primarily in Seattle, Dallas and Chicago
The transaction included $934 million of assets from Prologis’ co-investment ventures and $195 million in wholly owned assets. Prologis’ share of the proceeds totaled approximately $610 million. The transaction was included in the company’s 2018 guidance.
