Prologis, a logistics real estate firm, completed the acquisition of DCT Industrial Trust, a logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States, for $8.4bn. "DCT's team is as good as it gets, and we expect a number to join us to help manage the portfolio, execute on capital deployment activities and make long-term contributions to the Prologis platform. This deal also diversifies our customer roster through the addition of some 500 new relationships," Prologis chief executive officer for the Americas Eugene F. Reilly.