Warehouse giant Prologis raises another $1.44b for China open-end fund

FILE PHOTO: A general view of the main entrance of Prologis logistics complex which Amazon.com Inc is planning to rent in Cajamar, Brazil February 2, 2018. REUTERS/Gabriela Mello

New York-listed global logistics real estate specialist Prologis has raised another $1.44 billion for Prologis China Core Logistics Fund (PCCLF), about four months after the firm created the perpetual life vehicle for logistics properties in China, shows a regulatory filing on April 15.

The development comes after Prologis, which primarily invests in and leases modern logistics facilities, rolled out the $1.7 billion open-ended fund in December 2019 for investments in operating logistics properties in Prologis’ target markets in China.

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