History

As the world’s foremost industrial real estate company, we have been leading the way for more than 30 years. Learn the story of our past to understand how we are building a prosperous and sustainable future.

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.

Prologis Timeline - 1983

1987

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

Prologis Timeline - 1987

1991

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

Prologis Timeline - 1991

1994

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

Prologis Timeline - 1994 Stock Certificate

1996

SCI expands outside the United States for the first time with acquisitions in Mexico.

Prologis Timeline - 1996 SCI Mexico Pacifico

1997

AMB closes its initial public offering, with more than $2.8 billion under management.

Prologis Timeline - 1997 Management

1997

The company establishes its first European office in Amsterdam.

Prologis Timeline - 1997 Office in Amsterdam

1998

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

Prologis Timeline - 1998 Prologis Logo

1999

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

Prologis Timeline - 1999 AMB Charlotte

1999

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

Prologis Timeline - 1999 European Properties

2001

Prologis announces its entry into the Japanese market.

Prologis Timeline - 2001 Japan Flag

2002

AMB launches its international expansion program focused on trade-centric locations in Mexico, Europe and Asia.

Prologis Timeline - 2002

2002

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

Prologis Timeline - 2002 GIC logo

2003

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

Prologis Timeline - 2003 Chinese Flag

2004

AMB forms the first open-end commingled fund by an REIT—AMB Institutional Alliance Fund III. It also establishes new business lines, including direct development and additional private capital products, over the next two years.

Prologis Timeline - 2004 Open REIT fund

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.

Prologis Timeline - 2004 Suzhou logistics

2005

ProLogis enters the Wrocław market with an 18,700 square meter development.

Prologis Park Wrocław V, Poland

2006

Prologis becomes a FORTUNE 1000 company. The Prologis European Properties Fund completes initial public offering on the Euronext exchange in Amsterdam.

Prologis Timeline - 2006 Fortune 1000 Logo

2006

ProLogis' Central and Eastern Europe portfolio reaches 1,000,000 square meters

Prologis Park Wrocław V, Poland

2007

Prologis makes a major industrial portfolio acquisition in the CEE consisting of 520,000 square meters of existing space, 420,000 square meters under construction and land allowing for 480,000 square meters of development.

Prologis Park Błonie, Poland

2007

Prologis' Central and Eastern Europe portfolio exceeds 2 million square meters.

Logistics park in Poznań, Poland

2007

ProLogis releases the real estate industry’s first annual sustainability report.

Prologis Timeline - 2007 SR Report

2008

ProLogis is the first developer to enter the Szczecin market with a 41,000 square meter development.

Prologis Park Szczecin, Poland

2008

ProLogis' Central and Eastern Europe portfolio hits 3 million square meters.

logistics park, warehouse space Prologis

2009

AMB completes an equity offering, fortifying its balance sheet and securing projected capital needs through 2012.

Prologis Timeline - 2009 AMB Logo

2009

ProLogis delivers an 89,000 square meter facility in Chorzów.

Logistics park in Chorzow, warehouse in Chorzow, distrubution center Chorzow

2010

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

Prologis Timeline - 2010 Mexico Flag

2011

ProLogis closes the sale on a majority of Catellus retail and mixed-use assets to affiliates of TPG Capital (TPG) for $353 million, including rights to the Catellus name.

Prologis Timeline - 2011 Catellus Logo

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 real estate industry.

Prologis Timeline - 2011 Allianz

2011

ProLogis and AMB complete a merger of equals to create the pre-eminent global industrial real estate company, with more than $40 billion of assets under management and a platform of logistics and distribution facilities on 4 continents. 

Prologis Timeline - 2011 Prologis Merger and IPO

2012

Prologis Park Sochaczew wins Warehouse of the Year at the Eurobuild awards gala.

Prologis Park Sochaczew, Poland

2012

Prologis assumes 100 percent control of Prologis European Properties (PEPR) ahead of schedule, thus liquidating the fund. Assets received include 210 facilities covering 48.4 million square metres (4.5 ) across 11 countries.

Prologis Timeline - 2012 EU Presence

2013

Prologis Park Sochaczew wins Warehouse of the Year for the second year in a row at the Eurobuild awards gala.

Logistcis park in Sochaczew

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.

Prologis Timeline - 2013 Prologis Nippon

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 49 million square metres (4.5 million square metres).

Prologis Timeline - 2013 Norges Bank Kirkegata

2014

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

Prologis Timeline - 2014 Prologis FIBRA logo

2014

Prologis opens the first small business facility in the Lower Silesia market at Prologis Park Wrocław III.

Prologis Park Wrocław III, Poland

2014

Prologis is named Industrial Developer of the Year 2013 at the Central & Eastern European Real Estate Quality Awards gala.

Central & European Real Estate Quality Awards

2014

Prologis acquires a 16,000 square meter facility in the highly coveted Prague D1 Zone (renamed Prologis Park Prague D1 West II).

Prologis Park Prague D1 West II, Czech Republic

2014

Prologis acquires R6 Logistics Park from Skanska and 33 hectares of land (renamed Prologis Park Prague-Airport).

logistics park in Prague-Airport

2014

Prologis acquires two buildings from Invesco Real Estate in Gliwice and Ullo, totaling 94,200 square meters.

Prologis Park Budapest-Ullo, Hungary

2014

Prologis acquires the Heitman portfolio, totaling 230,000 square meters, 23 Class-A facilities in the Czech Republic, Slovakia and Poland.

logsitics park in Prague-Rudna, warehouse Prague-Rudna

2014

Prologis acquires 50,000 square meters in Poland from Invesco Real Estate.

Logistics park in Gliwce, warehouse in Gliwice

2015

Prologis Acquires M1 Business Park in Hungary from CA Immo and Union Investment. Renamed Prologis Park Budapest M1, the park comprises five facilities, totaling 69,105 square meters.

Prologis Park Budapest M1, Hungary

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.

Prologis Acquires KTR

2016

Prologis opens its second small business facility at Prologis Park Chorzów.

Logistics Park in Chorzów, Poland

2016

Prologis is named Warehouse Developer of the Year, CEE and Best Warehouse Manager of the Year, Poland at the Eurobuild Central and Eastern Europe awards gala.

Eurobuild Awards Logo

2016

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

S&P Global Ratings

2016

Prologis achieves a record-breaking occupancy rate of 96.4 percent

Occupancy rate Prologis

2016

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

Moody's Investors Service

2017

Prologis Park Budapest-Sziget Dc6 becomes the first building to receive “Good” accreditation within the new BREEAM guidelines in Hungary

Logistics park in Sziget, Hungary

2017

Prologis acquires M0 Central Business Park in Hungary. The two facilities, totaling 31,443 square meters, become part of Prologis Park Budapest-Sziget.

Logistics park in Budapest, Hungary

2017

Prologis Park Prague-Rudna DC18 becomes the first logistics facility in the Czech Republic and only the second such building in Central and Eastern Europe to receive BREEAM “Outstanding” accreditation, the highest rating.

Logistics park in Prague-Rudna, Czech Republic

2017

Prologis partners with Plug and Play to support startups in the supply chain and logistics sector.

Prologis supports start-up Plug and Play

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