Gravis Capital Management analysis flagged three major global REIT takeover deals as evidence of undervaluation in listed logistics infrastructure.
Consolidation seen across warehouses, fulfillment assets and data centers
Prologis agreed terms to buy SEGRO at about GBP 10.32 per share, offering a premium with an option to swap into Prologis stock.
Brookfield Asset Management and CPPIB offered a double-digit premium for LXP Industrial in an all-cash proposal.
WDP Warehouse Depot agreed to merge with ARGAN, creating Europe’s third-largest industrial REIT with stock consideration, plus an exceptional dividend.
Consolidation likely to continue as institutional buyers target public-market discounts in warehouses, fulfillment assets, and data centers.
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