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Prologis, the most valuable of all U.S. REITs, plans to spend between $7B and $8B in the next five years launching its data center business. 

The logistics giant, which owns 1.2B SF of industrial space across 19 countries, is focusing much of its early efforts pushing into data centers on the procurement, production and storage of energy.

“Prologis will not be a utility or generate power like a typical utility, but a big part of our strategy, the central part of that, is acquiring large power,” Chris Curtis, who joined Prologis in March as the global head of its new data center business, told Bisnow in an interview this week.