SEGRO and Prologis explore combination that could form Europe’s biggest logistics real estate group
Executive summary: SEGRO and Prologis issued a further announcement about a possible combination (merger) of the two logistics real estate firms. The combination could create one of Europe’s largest logistics real estate platforms, potentially reshaping the sector and triggering antitrust review.
Who is involved: SEGRO (UK‑listed warehouse landlord) and Prologis (US‑listed global logistics real estate company).
Likely next: The parties may enter formal negotiations, submit a proposal to shareholders, and face regulatory clearance processes.
The announcement indicates that SEGRO and Prologis are continuing discussions about a potential business combination. No financial terms or timings were disclosed in the release. Such a tie‑up would combine SEGRO’s European warehouse portfolio with Prologis’s global logistics footprint, creating a major player in the logistics real estate market.
Timeline
- — Further Announcement Regarding a Possible Combination of SEGRO and Prologis (PR Newswire)
Analysis — what this means
Sectors affected
- Logistics real estate
- Warehousing
- Industrial property
Regulatory implications
- Potential review under the EU Merger Regulation
- Possible scrutiny by the UK Competition and Markets Authority (CMA)
Historical parallels
- SEGRO rejected Prologis £12.6bn takeover offer in June 2024
- Prologis pressed SEGRO with a $16.6bn offer in June 2024