Prologis will pay $5.9bn to acquire KTR Capital Partners, including around $700m in debt.
The deal will be effected through Prologis US Logistics Venture, a joint venture with Norges Bank Investment Management.
The acquisition will add to Prologis’ assets in a number of major US markets, among them Southern California, Chicago and New Jersey. KTR has about 60m square feet of industrial property.
