Prologis
Coverage of Prologis in the Nexus archive.
- Segro lays out defence as it battles £12.6bn takeover attempt by US rival
UK property group Segro is defending against a £12.6bn takeover attempt by US rival Prologis, arguing that the 925p per share offer undervalues its warehouse and data centres business.
- Big box tinderboxes: Warehouses are exposing more Californians to costly, toxic disasters
Warehouse fires in California, fueled by automation, dense storage, and hazardous materials, are causing costly, toxic disasters. Recent incidents in Boyle Heights, Redlands, Carson Industrial Center, and Ontario highlight risks like toxic smoke, supply chain disruptions, and long-term environmental contamination.
- Washington Township residents demand transparency after data center emails exposed
Residents in Washington Township demand transparency after emails revealed secret discussions between the township and a data center developer. The emails, obtained via a Freedom of Information Act request, showed plans for a data center on land zoned for recreation and rural use, requiring rezoning. Prologis, the developer, later withdrew its application.
- UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival
UK warehouse landlord Segro has rejected a £12.6bn takeover offer from US rival Prologis, stating the proposal falls significantly below its valuation. Prologis made the offer public after it was 'unequivocally rejected' by Segro’s board.
- Segro rejects £12.6bn takeover bid from US rival Prologis
Segro has rejected a £12.6bn takeover bid from US-based real estate company Prologis. Prologis is urging Segro shareholders to pressure the company’s board to engage in discussions.
- Community solar needs space to grow. Warehouse rooftops have lots of it.
Prologis, a major logistics company, is utilizing warehouse rooftops for community solar projects. Natasha Keefer, leading their Energy Solutions team, inspected a solar project on a warehouse in Oakland, California.
- Wall Street holds at its record high even as oil prices climb
Wall Street maintains record highs despite rising oil prices amid uncertainty over the Iran war. Stocks gained slightly as corporate earnings outperformed expectations, while Pakistan's army chief meets Iranian officials to ease tensions. Oil prices rose 1.4% to $96.24 per barrel, reflecting market caution.