From its earliest foundations more than 30 years ago, Prologis has become a global leader in real estate. Learn more about how we are building for the future using the milestone timeline below, viewing our anniversary video, or visiting our 30th anniversary website.
1983Douglas Abbey, Hamid Moghadam and T. Robert Burke (joined in 1984) found AMB Property Corporation, focusing on investment in office, industrial and community shopping centers on behalf of major institutional investors.
1987AMB refines its investment strategy over the next two years by exiting office markets and focusing on industrial and shopping center in infill trade areas.
1997AMB closes its initial public offering, with more than $2.8 billion under management.
1997The company establishes its first European office in Amsterdam.
1999AMB exits community shopping center investments to focus on industrial properties in targeted markets.
2002AMB launches its international expansion program focused on trade-centric locations in Mexico, Europe and Asia.
2004AMB forms the first open-end commingled fund by a REIT—AMB Institutional Alliance Fund III. It also establishes new business lines, including direct development and additional private capital products, over the next two years.
2009AMB completes its equity offering, fortifying the balance sheet and securing projected capital needs through 2012.
2010Prologis forms Mexico Fondo Logistico, the first of its kind industrial venture for Mexican pension funds (AFORES)
2011AMB forms a euro 470 million Joint Venture with Allianz Real Estate, marking Allianz Real Estate’s largest joint venture and biggest foray into the logistics space at that time.
2012Prologis assumes 100% control of Prologis European Properties (PEPR) ahead of schedule, thus liquidating the fund. Assets received include 210 facilities covering 48.4 million square feet (4.5 million square meters) across 11 countries.
2013Prologis European Logistics Partners Sarl, a joint venture with Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, closes with an initial acquisition of 195 Class-A properties comprising 49msf (4.5msm).