Comment / The infrastructure capital recycling machine in action

ID 11685326 © Toddkuhns | Dreamstime.com

In a nutshell: As Prologis reported Q1 results, a fast-growing portion of its development capex is heading to data centers. Blackstone just filed for a $2bn data center REIT. And the same institutional money that spent the last decade buying ports is now buying server farms. Logistics executives should be paying attention – their landlord certainly is.

The capital that built the modern logistics network is moving. Not away from infrastructure, that thesis remains intact, but towards a different ...