August 6, 2026
Willkie is advising Prologis, Inc. (NYSE: PLD) on its agreement with SEGRO plc (LSE: SGRO) on the terms of a recommended acquisition of SEGRO in a transaction valued at approximately $18.8 billion. Willkie is acting as legal adviser to Prologis with respect to U.S. securities laws.
On August 4, Prologis, a global leader in logistics real estate, announced that it reached an agreement with the board of SEGRO, Europe’s leading owner, manager and developer of industrial property, on the terms of a recommended acquisition of SEGRO, valuing SEGRO's entire issued and to be issued ordinary share capital at approximately $18.8 billion. Under the terms of the recommended acquisition, SEGRO shareholders will receive 0.0920 new Prologis shares for each SEGRO share. Shareholders may elect to receive cash in lieu of some or all of their Prologis share consideration.
The combination is expected to close in the first half of 2027, subject to requisite approvals, bringing together two premier portfolios in a global platform with approximately $269 billion of assets under management.
The Willkie team is led by partners Jennifer Carlson and Hannah Frank and includes partners Jeffrey Hochman and David Griffiths, counsel Christi Davis, and associates Geeth Makepeace, Preston Williams, Alton Martin, Xiner Ning and Michael Sutton.
On August 4, Prologis, a global leader in logistics real estate, announced that it reached an agreement with the board of SEGRO, Europe’s leading owner, manager and developer of industrial property, on the terms of a recommended acquisition of SEGRO, valuing SEGRO's entire issued and to be issued ordinary share capital at approximately $18.8 billion. Under the terms of the recommended acquisition, SEGRO shareholders will receive 0.0920 new Prologis shares for each SEGRO share. Shareholders may elect to receive cash in lieu of some or all of their Prologis share consideration.
The combination is expected to close in the first half of 2027, subject to requisite approvals, bringing together two premier portfolios in a global platform with approximately $269 billion of assets under management.
The Willkie team is led by partners Jennifer Carlson and Hannah Frank and includes partners Jeffrey Hochman and David Griffiths, counsel Christi Davis, and associates Geeth Makepeace, Preston Williams, Alton Martin, Xiner Ning and Michael Sutton.
