Gravis’ Norris says Prologis bid values Segro at about £14 billion - PLD News | RalliesGravis’ Norris says Prologis bid values Segro at about £14 billion
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PLD• Norris says Prologis offer implies about £14 billion valuation
- Gravis Capital Management’s Matt Norris told BBC Radio 4 on July 23, 2026 that a Prologis takeover of SEGRO is likely if recommended.
- Prologis’ “best and final” proposal values SEGRO at about GBP 10.32 a share, implying roughly a GBP 14 billion valuation.
- Norris said Prologis is targeting SEGRO’s logistics portfolio, urban warehouses, e-commerce assets, and data center exposure.
- He said SEGRO’s board shifted as Prologis raised terms through four offers, citing asset value near GBP 9.05 a share.
- Norris said SEGRO’s development pipeline could add about GBP 2.4 a share, supporting a higher valuation than earlier bids.
