Prologis commits $500m to European, US funds

Prologis commits $500m to European, US funds

Logistics real estate company Prologis announced Tuesday it had cleared all redemption requests as of June 30 for its two major strategic capital funds, Prologis European Logistics Fund (PELF) and Prologis U.S. Logistics Fund (USLF).

The company also announced an additional commitment of $500 million to the funds, €250 million in PELF and $250 million in 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’ position as the global leader in its sector,” the company said.

“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 over 161MSF) and USLF (with a portfolio that spans over 123MSF) are focused on delivering industry-leading, risk-adjusted returns with a superior investor experience.

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