Prologis Declares China Logistics Venture 2 With Over $1 Bln Capacity

(RTTNews) - Prologis, Inc.(PLD), Monday announced the formation of Prologis China Logistics Venture 2, with potential investment capacity of over $1 billion, including $588 million of committed equity.

The venture's investment strategy is to build, buy and manage logistics properties in China. This venture follows Prologis China Logistics Venture 1 which was formed in March 2011. In line with the first venture, Prologis said it will again be partnering with HIP China Logistics Investments Limited.

"With strong growth in consumption and a limited supply of Class-A distribution space, the Chinese logistics market continues to present compelling investment opportunities." said Gary Anderson, CEO, Prologis Europe and Asia.