During the second half of the year Prologis started 15 build-to-suit projects comprising 6.9 million square feet. This brings the company’s total to 29 build-to-suit starts for the full year, totaling 11.6 million square feet. As expected, 80 percent of those starts were signed with the company’s multi-site customers, and more than 95 percent are located in global markets.
“In 2018, build-to-suit activity remained strong across Prologis’ global platform. Our development-ready land bank is located near large population centers and continues to be a major contributor to our build-to-suit success. These global market locations also provide exceptional optionality for our customers’ Last Touch® requirements,” said Michael S. Curless, chief investment officer, Prologis.
Source : Company