Prologis (PLD) is in discussions with investors on a potential co-investment vehicle focused on data centers, the Wall Street Journal reported Wednesday, citing the company's Chief Financial Officer Tim Arndt.

The talks are still in the exploratory stage and the company expects to make a decision about proceeding with the plan in the coming months, Arndt said, according to the report.

Around 3,000 acres of Prologis' land portfolio of 14,000 acres are viable for data centers due to the properties' location and access to power, the news outlet reported, citing Mizuho Americas senior analyst Vikram Malhotra.

Prologis did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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