Prologis Lists Japanese REIT on Tokyo Exchange

SAN FRANCISCO—Prologis Inc., the leading global owner, operator and developer of industrial real estate, says Nippon Prologis REIT, Inc. (NPR) — a Japanese real estate investment trust — has successfully completed its initial public offering in Japan. Prologis executives participated in a ceremonial bell ringing at the Tokyo Stock Exchange during the first day of trading for NPR.

NPR completed an IPO of 182,350 units, comprised of a domestic offering of 109,410 units (60 percent of units outstanding) and an international placement of 72,940 units (40 percent of units outstanding). Prologis will retain at least a 15 percent ownership interest in NPR.