Featured stories

Prologis China Takes Home Honors
Prologis China won the "highly commended" citation at the recent Asia Pacific Property Awards for the Prologis Chengdu Airport Logistics Center development in western China. Only eight of 1,200 entrants from the Asian region were recognized in the industrial development category. MORE »

High Demand For High Quality
Prologis posted solid leasing results in Europe during the first quarter of 2013, as customers continued to reconfigure supply chains with more well-located Class-A facilities. Increased activity occurred in the face of continued weakness in the economic recovery across the region. MORE »

Prologis Reports 1Q13 Results
Prologis’ latest earnings call and quarterly report highlighted a significantly improved financial and operating position including the first positive rent change on rollover in 17 quarters. The company started 2013 on a solid foundation, building momentum for strong performance throughout the year. MORE »

Prologis Releases 2012 CR Report
Prologis' 2012 Corporate Responsibility Report announced the company's results in energy-efficient designs for new developments and upgrades to existing facilities, as well as 83 megawatts of generation capacity from rooftop solar projects. Community and governance programs were also detailed in the report, released on Earth Day, 22 April. MORE »

From Landfill To LEED
Prologis is transforming a former industrial landfill and waste disposal site in New Jersey into a Class-A development project, recently breaking ground on a new distribution park totaling 880,000 square feet (81,800 square meters) of LEED-certified modern logistics space. MORE »

Industrial Recovery Accelerates
Pent-up demand, rent growth and broadening leasing velocity are driving a strengthened industrial market in the United States, according to an in-depth research report, the findings of which are supported by the latest Industrial Business Indicator, both recently published by Prologis. MORE »

Prologis Closes Europe JV
As part of a broader strategic recapitalization of European investment vehicles, Prologis formally closed the deal to create Prologis European Logistics Partners Sarl (PELP), a $3.1 billion (€2.4 billion) joint venture with Norges Bank Investment Management, representing one of the largest transactions closed in Europe in the past year. MORE »

Prologis Releases 2012 Annual Report
"Last year marked a significant milestone for Prologis as we concluded our first full year of operations as a new company," said Hamid Moghadam, the company's chairman and CEO. "Our business continued to strengthen as global demand for high-quality logistics facilities increased, due to growing consumption and supply chain reconfiguration." MORE »

Development Meets Demand In Japan
Strong demand continues for new, Class-A logistics space around Tokyo. Despite incredible land constraints in the region, Prologis is meeting customer needs with a new speculative development project totaling 451,000 square feet (41,900 square meters) in a logistics submarket it helped to create. MORE »

Impact In The Community
From cleaning up public areas to building furniture, from feeding the hungry to planting gardens, Prologis employees lent their hands and hearts to their local communities throughout 2012, donating thousands of hours and dollars to charitable projects around the world. MORE »

Prologis Europe Breaks 4Q Records
Despite conventional wisdom about the region’s economic climate, Prologis Europe leased nearly 12 million square feet (over 1 million square meters) of space in the fourth quarter 2012, exceeding third-quarter results by 56 percent. Deals in multiple countries indicate increased demand for modern logistics facilities across Europe. MORE »

Prologis JREIT Completes IPO
Nippon Prologis REIT, Inc. (NPR), a Japanese real estate investment trust, has successfully completed its initial public offering in Japan. Prologis executives rang the ceremonial bell at the Tokyo Stock Exchange during the first day of trading for NPR.MORE »

Build 'Two' Suit for BMW
Prologis will soon begin construction on two new distribution facilities for BMW of North America LLC--one in California and one in Texas—which will bring the company’s total portfolio with the automaker tomore than 2.2 million square feet (204,000 square meters) in five markets.MORE »

Prologis Reports 4Q12 & FY12 Results
Leasing a record 40.5 million square feet (3.8 million square meters), starting $727 million in development and making $1.3 billion in contributions and dispositions during the fourth quarter, Prologis finished 2012 strong and ahead of schedule on its strategic plan, according to its earnings results released February 6. MORE »

Prologis Makes 'Global 100'—Again
For the fifth consecutive year, Prologis was named to the "Global 100" list of the most sustainable corporations in the world. Announced at the recent World Economic Forum in Davos, Switzerland, the list compiled by Corporate Knights is one of the most extensive assessments of corporate sustainability. MORE »

Building Big for Amazon.com
Prologis is developing a new 1 million square foot (93,000 square meter) distribution facility in California for the world's largest online retailer. This latest "seven-figure facility" provides more evidence that the growth of e-commerce is driving strong demand for large industrial properties in North America and beyond. MORE »

Prologis Sponsors Japan REIT
Prologis has established Nippon Prologis REIT, Inc. (NPR), a Japanese real estate investment trust, by contributing an initial portfolio of 12 Class-A properties in Japan, comprising 9.6 million square feet (890,000 square meters) in Tokyo and Osaka. MORE »

Prologis Forms JV With Norges
The company recently signed a definitive agreement with Norges Bank Investment Management (NBIM), Norway’s sovereign wealth fund, to create a 50/50 joint venture that will acquire 195 Prologis facilities in Europe. The €2.4 billion ($3.1 billion) deal represents NBIM’s first investment in industrial real estate. MORE »

Looks Like A Million
Customers are increasingly demanding large facilities of 1 million square feet or more. Prologis recently signed two new build-to-suit agreements for facilities exceeding the seven-figure square foot mark. This follows the 1.1 million square foot (102,000 square meter) distribution center already under construction for the Home Depot in Atlanta. MORE »

Prologis Doubles At Eurobuild
Prologis facilities won “Warehouse of the Year—Poland” and “New Warehouse of the Year—CEE” at the recent annual Eurobuild Awards in Warsaw. The awards honor excellence in commercial real estate across Central & Eastern Europe. With these wins, the company achieved top recognition in two of three categories entered. MORE »

Europe Industrial Outlook Up
A deficit of Class-A industrial space, existing demand drivers, ongoing supply chain reconfiguration and the rise of e-commerce have created new opportunities in the European industrial property market, according to a report available from Prologis Research. MORE »

Prologis Sets the PACE
The company's headquarters at Pier 1 in San Francisco, a historic waterfront property already recognized for its sustainable redevelopment, is now receiving an energy efficiency overhaul, thanks to financing through the PACE (Property Assessed Clean Energy) program. The project represents the biggest PACE commercial retrofit in the country. MORE »

Prologis Wins Top Sustainability Award
NAREIT migrated its 2012 award program framework into the Global Real Estate Sustainability Benchmark (GRESB) platform. All entrants had to complete both the 2012 GRESB survey and the supplemental 2012 Leader in the Light questionnaire to be considered. MORE »

Prologis 3Q Earnings Update
Record leasing activity, increased occupancy, positive same store NOI growth and raised guidance characterized Prologis' results during its recent third-quarter earnings conference call with analysts, led by co-CEOs Hamid Moghadam and Walt Rakowich with the entire senior
leadership team. MORE »

Prologis Hosts Investors, Analysts in NY
Global demand drivers and growth opportunities for industrial real estate were some of the topics discussed at the 2012 Prologis Investor and Analyst Forum held recently in New York. Chairman and co-CEO Hamid Moghadam and co-CEO Walt Rakowich, along with senior leaders from across the company, presented a strategic update to the company’s plans and commented on the increased prospects for the industrial real estate business. MORE »

Second Quarter Earnings
Growing global container volumes, real inventory growth, steady net absorption of industrial space and increasing demand for large, Class-A facilities in select markets—these factors underpinned Prologis' solid second-quarter operating results despite a sluggish economic recovery, as reported in the company's earnings call on July 26, 2012. MORE »

Building To Suit The Home Depot
Prologis is developing a new distribution hub in Atlanta, Georgia, for The Home Depot, one of the company's focus customers. At over 1.1 million square feet (104,000 square meters), the new facility, dedicated to expediting online order fulfillment, is one of the largest build-to-suit development starts in the United States this year. MORE »