Prologis rebuffed in £12.6bn bid for UK warehouse giant Segro

© Pavel Kapysh | US logistics property giant Prologis has launched a £12.6bn takeover bid for Segro of a near-25% premium on the UK warehouse and industrial property specialist’s share price. However, Segro’s board has unanimously rejected the all-share bid, arguing it significantly undervalued the company and its growth prospects, particularly its expanding data centre portfolio. The move highlights continued overseas interest in UK-listed assets and could reignite speculation over further consolidation in the logistics real estate sector, reports The Guardian .