Prologis completed the acquisition of the logistics facilites of MARK-backed Crossbay for $1.6bn.

Prologis, a logistics real estate firm, completed the acquisition of the logistics facilites of MARK-backed Crossbay, a pan-European last-mile logistics platform, for $1.6bn. “This acquisition underscores our ongoing ability to provide our customers with quality urban logistics locations and opportunities beyond the real estate near highly populated areas that serve their growth needs,” Ben Bannatyne, Prologis President.