Prologis agrees to acquire SEGRO for $18.8 billion

2 min read

Prologis announced a recommended acquisition of SEGRO valued at about $18.8 billion, in which SEGRO shareholders will receive 0.0920 new Prologis shares per SEGRO share or elect partial cash up to a £3.5 billion aggregate cap. SEGRO plans to pay 2026 interim and final dividends before closing. The deal would raise Prologis' assets under management to roughly $269 billion, increase its European operating portfolio by 47% to 368 million square feet, and expand its European land bank and development pipeline. Closing is expected in the first half of 2027 subject to approvals.

Prologis will acquire SEGRO in an approximately $18.8 billion deal