The World’s Largest Real Estate Owner Just Got Even BIGGER

Real Estate
Elon’s purchase / pull out of Twitter has been a saga for the ages. But while that deal works its way through the courts, another massive deal just finalized today as Prologis completed the ~ $26 billion purchase of rival Duke Realty.

Prologis, which already owns roughly 1 billion square feet worth of prime industrial real estate, adds another 150 million square feet with the purchase.

Advertisement

Prior to the public bid (and subsequent shareholder approval) Prologis had previously tried buying Duke Realty out of the public spotlight, including an offering price of $23.7 billion in May, only a few days from when Duke was at near all time highs.


⚡ Become an Industrial Insider:
https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1

📢 Join the Industrial Insiders Club and get personally curated news direct to your inbox. It’s free and you can unsubscribe anytime:
https://industrialize.com/industrial-insiders

🙋‍♂️ Chad Griffiths, MBA, SIOR

#shorts #industrialrealestate

Advertisement

Leave a Reply

Your email address will not be published.