The real estate investment arm of Quebec’s sovereign fund, CDPQ, Ivanhoé Cambridge, has agreed with Prologis to form Prologis Brazil Logistics Venture. The partnership will develop and operate logistics real estate in Brazil, specifically in São Paulo and Rio de Janeiro. Ivanhoé Cambridge will hold an 80% stake in the partnership.
Logistics-focused global real estate investor Prologis targets new projects in Brazil.
Logistics-focused global real estate investor Prologis will acquire its partner’s stake in its Brazil portfolio for US$362m. Upon close of the transaction, Prologis will own 100% of Prologis CCP and…