Prologis, Inc., a global leader in industrial real estate, announced today the acquisition of Duke Realty Corporation in a definitive merger agreement valued at approximately $26 billion. This strategic combination creates a more diversified and resilient platform with enhanced scale and geographic reach.
The merger brings together two industry leaders with complementary portfolios, expanding Prologis’ presence in key markets across the United States. By combining their strengths, the combined company will be able to offer customers a wider range of logistics solutions and drive long-term growth.
The merger is expected to close in the fourth quarter of 2024, subject to customary closing conditions and regulatory approvals.
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