Business

Prologis to Purchase Duke Realty in $26 Billion Deal, Together with Debt



Prologis the world’s largest warehouse operator, agreed to purchase rival Duke Realty in a $26 billion deal that highlights a widening gulf between those that assume e-commerce progress has an extended option to go and those that assume it’s operating out of steam.

The deal marks the most important industrial actual property sale because the begin of the pandemic, in keeping with actual property analytics agency Green Street, and is the newest in a string of blockbuster acquisitions within the sector. Warehouses and distribution facilities have been a very sizzling property sort—particularly in the course of the pandemic—as a result of client purchasing habits have been shifting on-line.



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