The deal, backed by SEGRO’s board, includes a £3.5B partial cash alternative for shareholders.
Prologis will purchase UK-based SEGRO in a transaction valued at approximately $18.8 billion, expanding its European logistics real estate portfolio. The agreement follows SEGRO’s board recommendation and includes a partial cash alternative of up to £3.5 billion for shareholders.
SEGRO, a major player in European industrial property, reported assets under management of £16.1 billion as of December 2023. The deal marks one of the largest real estate transactions in Europe this year, reflecting strong demand for logistics and warehouse space.
No immediate market reaction was disclosed in the announcement.