US-based Prologis sets up $1.7b China core logistics fund

US-based Prologis sets up $1.7b China core logistics fund

Prologis, California

Global logistics leader Prologis has announced the formation of its $1.7-billion new open-ended Prologis China Core Logistics Fund and an increase in its total development capacity to over $3.5 billion, it said in a statement.

The development capacity expansion comes from an additional commitment of $882 million by Prologis and HIP China Logistics Investments Ltd into the Prologis China Logistics Venture 3.

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