Shareholders of UK-based logistics real estate firm SEGRO plc overwhelmingly approved Prologis’ proposed acquisition. At meetings on September 28, more than 98% of votes cast favored the cash-and-stock deal, satisfying a key condition for the takeover to proceed.
Announced in August 2026, the transaction values SEGRO at approximately $18.8 billion. It would significantly expand Prologis’ European logistics and industrial property portfolio.
The deal remains subject to final court and regulatory approvals. The companies expect to complete it in the first half of 2027. The approval advances one of the largest recent mergers in the global real estate investment trust (REIT) sector.