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Who Owns Prologis?

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Prologis, Inc. is a real estate investment trust that is headquartered in San Francisco, California, United States, that invests in logistics facilities. The company was formed in June 2011, through the merger of AMB Property Corporation and Prologis, which made Prologis the largest industrial real estate company in the world.

As of December 2021, the company owned 4,735 buildings comprising over one billion square feet in 19 countries across Europe, Latin America, North America, and Asia. According to The Economist, the company’s business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. Prologis serves over 5,800 tenants.

The company began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, forklifts, generators, racking systems, and other logistics tech equipment for purchase.

In April 2021, Prologis acquired Hilltop Mall in Richmond, California for $117 million, and in June 2022, the company acquired the land below California’s Great America in Santa Clara, from Cedar Fair, which leased the property back with plans to close the amusement park by 2033.

Who Owns Prologis?

Prologis, Inc. is a publicly traded company (NYSE: PLD). It is also partially owned by the Vanguard Group (13%) and BlackRock, Inc. (10%).

Source: Vimbuzz.com

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