Weekly Recap: Prologis scheme for SEGRO plc and Vanguard reports 1% stake

Prologis acquired 69 acres in Minooka, Illinois, for a 1M SF logistics development called Minooka Exchange. The project features a 40-foot clear height, 290 car spaces, and a 185-foot truck court. Prologis sees the Chicago market as supply constrained and aims to provide modern logistics capacity. The company also recently acquired land in Glendale Heights for two Class A logistics facilities totaling 454K SF.

Norges Bank disclosed a 1.34% stake in Prologis, Inc. (PLD) as of September 10, 2026, holding 12,732,273 shares. The bank sold 1,532 shares at $134.41 each on that date. No indemnity or derivative agreements were reported.

The EU approved Prologis (US) and NBIM Nerva (Norway) acquiring a logistics real estate asset in Hamburg from Grundbesitz Spectrum. The Commission found no competition concerns. Prologis is a global leader in industrial real estate management, with 93.3% of sales from this sector.

SEGRO plc published a scheme document for Prologis, Inc.'s recommended share offer, with a partial cash alternative, to be finalized by a court-sanctioned arrangement. The boards agreed on terms on August 4, and meetings are scheduled for September 28, 2026, with an expected effective date in the first half of 2027. SEGRO directors, holding 0.245% of shares, committed to voting in favor. The deal is conditional on shareholder approval and other factors.

Prologis declared a quarterly dividend of $1.07 per common share and $1.0675 per Series Q preferred share, payable September 30, 2026. The company is a logistics real estate leader.

Segro published a Scheme Document outlining the terms of its acquisition by Prologis, Inc. The document includes details on the shareholder meetings, scheduled for September 28, 2026, and a provisional timetable for the transaction's completion in early 2027. The deal, announced on August 4, 2026, offers shares with a partial cash alternative.