Prologis $4 billion acquisition of Industrial Property Trust

16/7/2019
Public acquisition

$ 4 billion

Announced

16/7/2019


Overview:

  • Real estate investment trust (REIT) Prologis has acquired Industrial Property Trust (IPT) in a $4 billion deal. 
  • IPT is a portfolio of industrial properties in the US that was formed by investment firm Black Creek in 2012. 
  • Morgan Stanley and Eastdil Secured acted as financial advisers for IPT. 
  • The transaction is expected to close in either late 2019 or early 2020. 

Kurt Stumpo - US Editor

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