Prologis, Inc. , the global leader in logistics real estate,
and global real estate investor Ivanhoé Cambridge announced the close of their agreement to form an
approximately $880 million, 20/80 joint venture in Brazil.
Prologis Brazil Logistics Venture will develop and operate logistics real estate in Brazil, specifically in São Paulo and
Rio de Janeiro. At closing, the venture acquired an initial portfolio of assets of approximately 6.9 million square feet
of operating properties and 371 acres of land from Prologis with a commitment to build out the existing land bank.
Source : Prologis