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UPDATE 1-Prologis to buy KTR Capital for $5.9 billion

2015-04-20 05:20:52| Real Estate - Topix.net

Prologis Inc, which owns warehouses and retail-distribution centers, said on Sunday it would acquire the real estate assets and operating platform of closely held KTR Capital Partners and its affiliates for $5.9 billion. The assets consist of KTR's three co-investment funds and will be part of Prologis U.S. Logistics Venture, a joint partnership with Norges Bank Investment Management, according to a press statement.

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