– Prologis has agreed to acquire SEGRO in a recommended transaction valuing the UK logistics REIT at approximately $18.8 billion.
– The combined company will manage approximately $269 billion in assets, creating one of the world’s largest logistics real estate platforms.
– The acquisition will expand Prologis’ European operating portfolio by 47% to 368 million sq. ft. and increase its European land bank by 126%.
– The combined platform will include a 13 million sq. ft. European development pipeline and strengthen long-term growth across logistics, energy and digital infrastructure.
– The SEGRO board unanimously supports the transaction, which is expected to close in the first half of 2027, subject to shareholder, court and regulatory approvals. Prologis shareholder approval is not required.
– CEO Dan Letter said the combination will unite SEGRO’s high-quality portfolio and customer relationshipswith Prologis’ global platform, operating expertise and financial strength, creating greater value for customers and shareholders.
