19:25 10 July 2026
Another giant rises in warehouse market
Segro is defending itself against a takeover attempt by U.S. warehouse giant Prologis, which offered GBP 12.6 bln, or about USD 16.6 bln, for the British logistics property owner. Prologis proposed a share swap valuing Segro at about 925 pence per share, a roughly 25% premium, but Segro says the offer undervalues its assets and growth potential. The company argues its development pipeline could generate about GBP 3.3 bln in additional discounted value, including GBP 1.4 bln from logistics and industrial projects and GBP 1.9 bln from data centers with secured power access. Segro also reported a strong first half of 2026, with GBP 53 mln in new contracted base rents.
