Gravis’ Norris says Prologis bid values Segro at about £14 billion

Reuters2026/07/23 10:02

By:Reuters

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Gravis Capital Management’s Matt Norris told BBC Radio 4 on July 23, 2026 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gravis Capital Management Ltd. published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gravis’ Norris says Prologis bid values Segro at about £14 billion

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