CELEBRATING 40 YEARS OF EXCELLENCE IN LOGISTICS REAL ESTATE

We have been the world’s leading industrial real estate company for 40 years. See the key milestones that have helped us continue to build a better future for our customers and our company.

1983

Douglas Abbey, Hamid Moghadam and T. Robert Burke (joined in 1984) establish AMB Property Corporation, focusing on investment in office, industrial and community shopping centers on behalf of major institutional investors.

AMB Property Corporation

1987

AMB refines its investment strategy over the next two years by focusing on industrial and shopping centers in infill trade areas.

1987

1991

The company that is to later become Prologis is incorporated as Security Capital Industrial Trust (SCI).

1991

1994

SCI makes its initial public offering on the New York Stock Exchange.

1994

1997

AMB closes its initial public offering, with more than $2.8 billion in assets.

1997

1998

SCI officially changes its name to Prologis. The company acquires Meridian Industrial Trust for $1.5 billion.

ProLogis

1999

AMB exits community shopping center investments to focus on industrial properties in targeted markets.

1999

2001

Prologis announces its entry into the Japanese market.

2001

2002

AMB launches its international expansion program focused on trade-centric locations in Mexico, Europe and Asia, with its Chinese brand as 安博.

2002-1

2002

Prologis forms the Prologis Japan Properties Fund ($1 billion) with the Government of Singapore Real Estate.

2002-2

2003

Prologis is added to the S&P 500. The company announces its entry into the Chinese market.

China market

2004

Prologis acquires Keystone Industrial Trust for $1.5 billion. The company forms its first joint venture in China with Suzhou Logistics Center Co. Ltd.

2004

2005

AMB invests in Shanghai Jiuting Logistics Center, its first project in China.

2005

2006

Prologis becomes a FORTUNE 1000 company.

FORTUNE

2007

Prologis releases the real estate industry’s first annual sustainability report, well ahead of the competition.

2007

2009

Prologis sells its China operations and its 20% interest in Japan Property Funds to GIC Real Estate for $1.3 billion.

Prologis Shanghai Qingpu Logistics Center

2010

AMB forms Mexico Fondo Logistico, the first of its kind industrial venture for Mexican pension funds (AFORES).

2010

2011

AMB forms a €470 million Joint Venture with Allianz Real Estate, marking Allianz Real Estate’s largest joint venture and biggest foray into the logistics space at that time.

2011-1

2011

Prologis and AMB complete a merger of equals to create the preeminent global industrial real estate company, with more than $40 billion of assets under management and a platform of logistics and distribution facilities on four continents. The company’s brand is Prologis in English and安博 in Chinese.

2012 Prologis Merger and IPO

2013

Nippon Prologis REIT, Inc. (NPR), a Japanese real estate investment trust, successfully completes its initial public offering on the Tokyo Stock Exchange. NPR provides investors a unique investment opportunity and further positions Prologis for sustained growth in Japan.

2013-1

2013

Prologis European Logistics Partners Sarl, a joint venture with Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, closes with an initial acquisition of 195 Class-A properties comprising 49msf (4.5msm).

2013-2

2014

Prologis completes its IPO for FIBRA Prologis, the first IPO for a FIBRA in Latin America in 2014. FIBRA Prologis comprises approximately 30 msf (2.8 msm) across six markets in Mexico.

2014

2015

Prologis completes the acquisition of the real estate assets and operating platform of KTR Capital Partners (KTR) and its affiliates for a total purchase price of $5.9 billion.

2015

2016

Moody's Investors Service (Moody's) upgraded Prologis, L.P.'s senior unsecured rating to A3 from Baa1. The rating service also upgraded the ratings on Prologis’ preferred stock to Baa1 from Baa2.

2016-1

2016

S&P Global Ratings raised Prologis, Inc.'s rating to A- from BBB+, citing its diversified real estate portfolio and potential for rent growth.

2016-2

2018

Prologis completes an all-stock acquisition of DCT Industrial Trust for $8.5 billion.

2018-1

2018

Prologis expands beyond real estate and launches the Essentials platform, addressing critical fulfillment center challenges with next-generation solutions. 

2018-2

2019

Prologis expands its business in China and forms Prologis China Core Logistics Fund ($1.7 billion).

Prologis Shenyang Hunan Logistics Center

2020

Prologis completes an all-stock acquisition of Liberty Property Trust for $13 billion.

2020

2022

Prologis becomes the first logistics REIT with a science-based carbon-emissions target, updating an ambitious company goal to reach net zero by 2040.

2022-1

2022

Prologis completes an all-stock transaction of Duke Realty for approximately $23 billion.

2022-2

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