Reportedly, the JV will focus on building bespoke spaces for e-commerce activities, with the initial portfolio including approximately 4.1 million ft² of space with plans to expand as new projects are added.

Prologis will manage the venture through its Strategic Capital business, combining its development platform with long-term investment from Singapore-based GIC.

In 2025, Prologis started around $3.1bn (c. £2.32bn) of development projects, with more than 60% tied to build-to-suit facilities.

GIC chief investment officer of real estate, Goh Chin Kiong, said: “With strong e-commerce growth, the reshoring of supply chains and resilient consumer spending, industrial remains a strong long-term investment theme in North America.”