We have been the world’s leading industrial real estate company for more than 30 years. See the key milestones that have helped us continue to build a better future for our customers and our company.
Douglas Abbey, Hamid Moghadam and T. Robert Burke (joined in 1984) founded AMB Property Corporation, focusing on investing in office, industrial and community shopping centers on behalf of major institutional investors.
AMB refines its investment strategy by exiting office markets and focusing on industrial and shopping centers in infill trade areas.
The company that is to become ProLogis is incorporated as Security Capital Industrial Trust (SCI).
SCI makes its initial public offering on the New York Stock Exchange.
SCI expands outside the United States for the first time with acquisitions in Mexico.
AMB closes its initial public offering, with more than $2.8 billion under management.
The company establishes its first European office in Amsterdam.
SCI officially changes its name to ProLogis. The company acquires Meridian Industrial Trust for $1.5 billion.
AMB exits community shopping center investments to focus on industrial properties in targeted markets.
ProLogis forms its first property funds, ProLogis California ($556 million), and the ProLogis European Property Fund.
ProLogis announces its entry into the Japan market.
AMB launches an international expansion program focused on trade-centric locations in Mexico, Europe and Asia.
ProLogis is added to the S&P 500. The company announces its entry into the China market.
AMB enters the German market as AMB Property Germany GmbH. Target markets for AMB in Germany are Bremerhaven, Dusseldorf in the Rhine-Ruhr area, Frankfurt in the Rhine-Main area, Hamburg and Munich.
AMB forms the first open-end commingled fund by a 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 acquires Keystone Industrial Trust for $1.5 billion. The company forms its first joint venture in China with Suzhou Logistics Center Co. Ltd.
ProLogis becomes a FORTUNE 1000 company. The ProLogis European Properties Fund completes its initial public offering on the Euronext exchange in Amsterdam.
ProLogis releases the real estate industry’s first annual sustainability report.
AMB Property Germany GmbH moves into its new headquarters in Frankfurt am Main.
AMB completes an equity offering, fortifying its balance sheet and securing capital for needs projected through 2012.
ProLogis closes the sale of most Catellus retail and mixed-use assets to affiliates of TPG Capital for $353 million, including rights to the Catellus name.
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 and AMB complete a merger of equals to create the pre-eminent global logistics real estate company, Prologis, with more than $40 billion of assets under management and a platform of logistics and distribution facilities on four continents.
Prologis completes a brownfield development with 29,800 square meters in Hamburg-Hausbruch, Germany.
Prologis assumes 100 percent control of Prologis European Properties ahead of schedule, thus liquidating the fund. Assets received include 210 facilities covering 48.4 million square feet (4.5 million square meters) across 11 countries.
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 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 feet (4.5 million square meters).
Prologis has successfully developed more than 500,000 square meters in Hamburg, Germany’s second-largest city and one of the most desirable logistic hotspots in the country.
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 feet (2.8 million square meters) across six markets in Mexico.
Prologis invites architects, civil engineers and students of both disciplines from Northern Europe to compete for the Prologis 2030 Design Award. An international and interdisciplinary panel of judges selects the best designs for logistics properties of the future, focusing on sustainability and architectural innovation.
Prologis completes the acquisition of the real estate assets and operating platform of KTR Capital Partners and its affiliates for a total purchase price of $5.9 billion.
Moody's Investors Service upgrades Prologis, L.P.'s senior unsecured debt rating to A3 from Baa1. The rating service also upgrades its ratings on Prologis’ preferred stock to Baa1 from Baa2.
S&P Global Ratings raises Prologis, Inc.'s rating to A- from BBB+, citing its diversified real estate portfolio and potential for rent growth.
Prologis completes a logistics facility with over 114,000 square meters in Bruckberg near Munich for the German automobile manufacturer BMW in July.
In October, Prologis celebrates the opening of a logistics facility with more than 41,000 square meters in Bergheim near Cologne for the British online retailer AO.
In April, Prologis Germany won the award for Best Logistics Brand in the logistics real estate developer category. The award is presented by Logistik Heute, the logistics magazine with the highest circulation in Germany.
In May, Prologis and L'Oréal celebrate the opening of the carbon-neutral logistics facility in Muggensturm near Karlsruhe. With more than 100,000 square meters, it is L'Oréal's largest logistics center worldwide.
In October, the carbon-neutral logistics facility of Prologis in Muggensturm receives the Logix Award. Thus, the team in Germany triumphs against around 100 other new construction projects.
With the logistics facility in Datteln, which Prologis developed according to the WELL Building Standard to create a healthy working environment for the customers' employees, the company wins the Logix Award for the second time in a row.
In addition to the existing offices in Düsseldorf and Frankfurt am Main, Prologis is opening further offices in Munich and Hamburg.
Prologis enters the Berlin market with the acquisition of a portfolio of 11 properties.