SEGRO Defends Value Against Prologis Acquisition Proposal

On July 20, 2026, SEGRO PLC's board strongly affirmed its strategy, claiming it offers superior value to shareholders compared to Prologis's revised acquisition proposal. SEGRO's management highlighted its unique European-focused asset portfolio and growth potential, particularly within supply-constrained markets. They argued that Prologis's offer undervalues SEGRO's long-term prospects, primarily resulting from a temporary market dislocation.

SEGRO emphasized its substantial rental income and capital growth prospects due to its strong position in strategic data centers and logistics sectors. The firm cited its robust balance sheet and recent successes, such as joint ventures, which enhance its growth capabilities without external funding needs.

The Board remains committed to maximizing shareholder value and stated SEGRO shareholders should be appropriately compensated should any transfer of ownership occur. The Prologis proposal, they argue, does not provide sufficient compensation for SEGRO's inherent potential.