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Two of the world's largest industrial property owners are combining in a £14.3 billion deal that would put roughly $269 billion of logistics real estate under one roof.
The case for the merger is scale: a European land bank that more than doubles and a combined 368 million square feet of warehouse space on the continent.
What complicates it is that Prologis is paying a 14.4% premium to Segro's most recently reported net asset value, and the deal won't close until at least the first half of 2027.
What the deal pays The agreed offer values each Segro Plc (LSE: SGRO) share at 1,031.7 pence, payable as 0.0920 newly issued Prologis (NYSE: PLD) shares.
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