Prologis, Inc. announced Tuesday that it had cleared all redemption requests as of June 30 for its two major strategic capital funds, Prologis European Logistics Fund (PELF) and Prologis U.S. Logistics Fund (USLF). The company also committed an additional $500 million to the funds – €250 million in PELF and $250 million in USLF – to further invest in high-quality industrial real estate assets across the globe.
Karsten Kallevig, managing director of global strategic capital at Prologis stated: “Industrial real estate continues to be a desirable place for investment due to well-located and high-quality portfolios such as USLF and PELF which have proven exceptional performance throughout market cycles.” He added that given external valuations catching up with the market conditions now is a good time for investing into these vehicles.
With 161 million square feet portfolio under management by PELF and 123 millions square feet managed by USLF both vehicles operate within major centers of commerce worldwide providing access into high growth markets globally through their properties investments .
