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.
