Branch² Intelligence
Battle for Segro heats up as US bidder hits out after warehouse group snubs 'opportunistic' £12.6bn
Key takeaway
Prologis goes public to pressure Segro shareholders after a £12.6bn bid rejection.
- Step 1Prologis publicly pressures Segro shareholders to accept £12.6bn bid.
- Step 2Increased likelihood of takeover reduces competition in UK warehouse market.
- Step 3Consolidated market power enables rent increases for warehouse tenants.
- Step 4UK SMEs leasing warehouse space face higher occupancy costs.
Source: This Is Money
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