Reuters
24 Apr 2008
"ProLogis earlier in April established a fund with the Government of Singapore Investment Corp (GIC) that will have an expected $2 billion in construction power to build warehouse and distribution centers in China, where ProLogis has a large presence.
ProLogis typically builds warehouse and distribution centers and then establishes funds, which usually buy an 80 percent stake in the properties. The company retains a minority stake and earns fees from managing the properties and the funds."
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