Prologis Brazil Logistics Venture completed the acquisition of 6.9 million square feet of operating properties and 371 acres of land from Prologis, Inc. for approximately $880 million.

Prologis Brazil Logistics Venture agreed to acquire 6.9 million square feet of operating properties and 371 acres of land from Prologis, Inc. (NYSE:PLD) on November 5, 2018. The transaction is subject to customary closing conditions, including applicable regulatory and third-party approvals. Luke P Iovine, Daniel A. Grossman and Guillermo Castellanos of Paul Hastings acted as legal advisor to Ivanhoé Cambridge, parent of Prologis Brazil Logistics Venture. King & Spalding acted as advisor to Prologis. Prologis Brazil Logistics Venture completed the acquisition of 6.9 million square feet of operating properties and 371 acres of land from Prologis, Inc. (NYSE:PLD) for approximately $880 million on January 18, 2019.