logistics warehouses

GSCW chat recap: Logistics warehouse space for CPG startups

Ernie Manansala, Jr. and Grant Langston at Day 3 of Global Supply Chain Week

This fireside chat recap is from Day 3 of FreightWaves’ Global Supply Chain Week. Day 3 focuses on food and CPG.

FIRESIDE CHAT TOPIC: Challenges of launching CPG brands and the importance of on-demand warehousing options

DETAILS: Sourcing logistics tools and assets is tough for small and midsize companies. Owners and operators of traditional warehouses want long leases, large footprints and personal guarantees from tenants. From leadership trends to customer perspectives, hear how companies are...

https://www.freightwaves.com/news/gscw-chat-recap:-logistics-warehouse-space-for-cpg-startups

Prologis Research says automation offsets only part of warehouse shortage

Prologis Research sees warehouse automation as partial offset to growing need for logistics space

The second installment in a two-part series on the benefits of automated logistics warehouses was published Wednesday by the world’s top logistics real estate investment trust, San Francisco-based Prologis Inc. (NYSE: PLD).

The company’s research team said the key hurdles facing the logistics real estate sector have been finding skilled labor and desirable locations for new sites. Additionally, limited last-mile delivery capacity is presenting further headwinds as parcel companies are turning...

https://s29755.pcdn.co/news/prologis-research-says-automation-offsets-only-part-of-warehouse-shortage

Joint venture will nab $2B logistics real estate portfolio

Stockbridge Capital expands logistics real estate portfolio

Stockbridge Capital and the world’s third-largest pension fund have entered into a joint venture to acquire 23 logistics warehouses valued at $2 billion, sources have confirmed to The Wall Street Journal.

The press release from Stockbridge Capital shows plans to acquire “core logistics properties” through a newly formed joint venture with the National Pension Service of Korea and an unnamed institutional investor. The group has committed to purchase 14.3 million square feet in Class A logistics...

https://www.freightwaves.com/news/joint-venture-will-nab-2b-logistics-real-estate-portfolio

Prologis Research points to automation as key to logistics operations

Prologis Research sees warehouse automation as easing e-commerce growing pains

A new research report from the world’s leading logistics real estate investment trust, Prologis Inc. (NYSE: PLD), highlights the benefits of automated logistics warehouses.

The first installment of a two-part series on automation in logistics real estate from the San Francisco-based company’s research team notes a rapid increase in warehouse automation as e-commerce growth accelerates and labor issues remain a headwind.

The report shows e-commerce logistics operations are leading the adoption of...

https://www.freightwaves.com/news/prologis-research-points-to-automation-as-key-to-logistics-operations

Prologis completes largest-ever sale of logistics warehouses in the UK

Prologis facility in Coventry, United Kingdom

San Francisco-based Prologis Inc. (NYSE: PLD) announced that it has completed the largest-ever portfolio sale of logistics warehouses in the U.K.

In a Wednesday evening press release, the world’s leading logistics real estate investment trust reported the sale of 22 stand-alone buildings totaling 4.3 million square feet to real estate funds managed by New York-based The Blackstone Group (NYSE: BX).

The price tag was 473 million pounds (U.S. $618 million).

The properties were acquired by Prologis...

https://www.freightwaves.com/news/prologis-completes-largest-ever-sale-of-logistics-warehouses-in-the-uk

Prologis sees logistics space in short supply by early 2021

Prologis facility at night

A tightening logistics warehouse market could lead to a shortage of space as soon as early 2021, according to a new logistics real estate report from Prologis Inc. (NYSE: PLD)

The San Francisco-based real estate investment trust’s research team concluded the uptick in demand for logistics space was centered on three primary catalysts: Increased confidence has boosted demand for leasing; the macro data suggests consumer consumption and COVID-19 can coexist; and there is improved visibility on the...

https://s29755.pcdn.co/news/prologis-sees-logistics-space-in-short-supply-by-early-2021

Prologis earnings ahead of pre-COVID levels as demand for logistics space grows

Prologis facility

Logistics real estate investment trust (REIT) Prologis Inc. (NYSE: PLD) reported “robust” activity within its portfolio as more sectors come back on line.

On the Tuesday third-quarter earnings call, CFO Tom Olinger said operating conditions are “meaningfully better than they were 90 days ago,” with utilization at its properties “returning to near-peak capacity,” which has driven earnings above pre-COVID levels.

The increase in logistics real estate demand is in part being driven by robust...

https://s29755.pcdn.co/news/prologis-earnings-ahead-of-pre-covid-levels-as-demand-for-logistics-space-grows

Americold acquires Agro Merchants Group in $1.74 billion deal

Agro's Icestar facility in Santiago, Chile

Cold storage warehouse owner and operator Americold Realty Trust (NYSE: COLD) announced on Tuesday that it has entered into an agreement to acquire the world’s fourth-largest temperature-controlled operator, Agro Merchants Group, for $1.74 billion.

The announcement follows several others over the last two years as the Atlanta-based real estate investment trust continues to expand its network through acquisition. Americold added facilities in Florida and Texas in August and was chosen by the East...

https://s29755.pcdn.co/news/americold-acquires-agro-merchants-group-in-174-billion-deal

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