Key Takeaways
- • Prologis completed the acquisition of a logistics portfolio from Union Investment comprising approximately 139,000 square meters (approximately 1.5 million square feet) across five sites for €160 million.
- • The transaction represents Prologis' continued portfolio optimization and geographic expansion within the European logistics real estate market.
- • As a global leader in industrial real estate with $72 billion in assets under management across 684 million square feet in 3,319 facilities worldwide, Prologis continues to selectively acquire and divest properties to align with market demand and strategic objectives.
- • The acquisition adds to Prologis' diversified European logistics footprint, with the company serving over 5,200 customers globally across 19 countries and four continents.
Summary
Prologis, Inc., the NYSE-listed global leader in logistics real estate, has acquired a significant portfolio from Union Investment totaling approximately 139,000 square meters spread across five sites. The transaction was valued at €160 million and reflects Prologis' ongoing strategy of selective acquisitions in the European logistics market.
The company, headquartered in San Francisco, operates approximately $72 billion in assets under management across 684 million square feet of logistics and distribution space in 3,319 facilities spanning 19 countries on four continents. This latest European acquisition strengthens Prologis' position in a market increasingly characterized by logistical real estate clustering—the concentration of distribution centers in strategic geographic locations to serve global trade routes and growing consumer classes.
The Union Investment portfolio acquisition aligns with Prologis' broader capital deployment strategy, which includes both targeted acquisitions and selective divestitures. The company serves approximately 5,200 customers globally, including major retailers, third-party logistics providers, manufacturers, and transportation companies, with notable exposure to e-commerce fulfillment and supply chain infrastructure. The portfolio addition enhances Prologis' ability to capture demand from regional distribution requirements across continental Europe, where logistics real estate has become critical infrastructure for global commerce.
The company, headquartered in San Francisco, operates approximately $72 billion in assets under management across 684 million square feet of logistics and distribution space in 3,319 facilities spanning 19 countries on four continents. This latest European acquisition strengthens Prologis' position in a market increasingly characterized by logistical real estate clustering—the concentration of distribution centers in strategic geographic locations to serve global trade routes and growing consumer classes.
The Union Investment portfolio acquisition aligns with Prologis' broader capital deployment strategy, which includes both targeted acquisitions and selective divestitures. The company serves approximately 5,200 customers globally, including major retailers, third-party logistics providers, manufacturers, and transportation companies, with notable exposure to e-commerce fulfillment and supply chain infrastructure. The portfolio addition enhances Prologis' ability to capture demand from regional distribution requirements across continental Europe, where logistics real estate has become critical infrastructure for global commerce.
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