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ProLogis launches China joint venture with capacity of over $1B

Prologis announced the formation of Prologis China Logistics Venture 2. The venture's investment strategy is to build, acquire and manage logistics properties in its global markets in China. This venture follows Prologis China Logistics Venture 1 which was formed in March 2011. As with the first venture, Prologis will be partnering with HIP China Logistics Investments Limited. The venture has potential investment capacity of over $1B, including $588M of committed equity.