Prologis has cleared all redemption requests for its US and pan-European open-ended funds and committed more than $500m (€461m) in additional capital to both vehicles.

The NYSE-listed global logistics specialist said it made a €250m commitment to Prologis European Logistics Fund (PELF) and committed $250m to Prologis US Logistics Fund (USLF) to enable the funds to invest further in industrial assets.

Karsten Kallevig, managing director of global strategic capital at Prologis, said: “Industrial real estate continues to be an attractive place for capital investment, especially USLF and PELF’s well-located and high-quality portfolios.

“These vehicles have proven to have exceptional performance across market cycles. Now that external valuations have caught up with the market, we view this as a good time to invest.”

Prologis also said it had cleared all redemption requests as of 30 June for the two funds.

PELF has a portfolio that spans more than 161m sqft and USLF’s portfolio comprises more than 123m sqft.

To read the latest edition of the latest IPE Real Assets magazine click here. 

Topics

Related Companies