Prologis serves 5,500 customers in 19 countries with total assets under management $145B. The economic value of goods flowing through our distribution centers each year is about $2.2 trillion, representing 3.5% of GDP for the 19 countries where we do business. Prologis’ Employment impact is about 2.8 million global jobs.
Prologis China total holdings include about 5.2 million square meters with 42 logistics centers in 23 cities around the country.
Prologis announces the expansion of its development venture in China and increases its development capacity to more than US$3.5 billion.
It also announces the formation of a US$1.7 billion open-ended Prologis China Core Logistics Fund, LP.
Moody's Investors Service (Moody's) upgraded both Prologis, L.P.'s senior unsecured rating to A3 from Baa1 and Prologis’ preferred stock to Baa1 from Baa2.
S&P Global Ratings raised Prologis, Inc.'s rating to A- from BBB+, citing its diversified real estate portfolio and potential for rent growth.
ProLogis and AMB complete a merger of equals to create the pre-eminent global industrial real estate company, with more than $40 billion of assets under management and a platform of logistics and distribution facilities on 4 continents.
2009 ProLogis sells its China operations and its 20 percent interest in Japan Property Funds to GIC Real Estate for $1.3 billion.
ProLogis becomes a FORTUNE 1000 company.
ProLogis is added to the S&P 500. The company announces its entry into the China market.
AMB launches its international expansion program focused on trade-centric locations in Mexico, Europe and Asia.
1998 SCI officially changes its name to ProLogis.
AMB closes its initial public offering, with more than $2.8 billion under management.
Security Capital Industrial Trust (SCI, later become ProLogis) makes its initial public offering on the New York Stock Exchange.