SAN FRANCISCO—Prologis Inc. has completed a $588 million increase in the equity commitment to Prologis China Logistics Venture, with $500 million contributed by HIP China Logistics Investments Limited and $88 million by Prologis.
"The fundamentals of the Chinese logistics sector are very compelling, fueled by domestic consumption and the growth of e-commerce," said Gary Anderson, CEO, Prologis Europe and Asia. "This incremental equity commitment enables us both to continue to grow our joint business in China."
Prologis China Logistics Venture was formed in 2011 with an investment strategy to build, acquire and manage logistics properties in China. The venture has committed equity of more than $1.75 billion and potential investment capacity including leverage of $3.5 billion.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
