{"id":691270,"date":"2022-10-03T09:09:45","date_gmt":"2022-10-03T13:09:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/prologis-closes-acquisition-of-duke-realty\/"},"modified":"2022-10-03T09:09:45","modified_gmt":"2022-10-03T13:09:45","slug":"prologis-closes-acquisition-of-duke-realty","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/prologis-closes-acquisition-of-duke-realty\/","title":{"rendered":"Prologis Closes Acquisition of Duke Realty"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Prologis gains properties in key U.S. markets; <\/i>
\n Expands its Essentials offerings to 500+ new customers<\/i>\n <\/p>\n

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\n SAN FRANCISCO<\/span>
\n <\/span>, Oct. 3, 2022<\/span><\/span> \/PRNewswire\/ — Prologis, Inc. (NYSE: PLD) (“Prologis”) today announced the completion of its all-stock acquisition of Duke Realty Corporation (NYSE: DRE) (“Duke Realty”) following approval by the shareholders of Prologis<\/a>\u00a0and Duke Realty. Valued at approximately $23 billion<\/span>, including the assumption of debt, the completed transaction expands Prologis’ presence in key U.S. markets.<\/p>\n

“In addition to the day-one accretion and avenues for further earnings growth, this acquisition gives us an even stronger ability to support our customers and their growth,” said Prologis Co-founder, CEO and Chairman Hamid R. Moghadam<\/span>. “We’re gaining high-quality properties and more than 500 new customers in key markets. These new customers will be able to tap into our Essentials<\/a> platform, which delivers end-to-end solutions to address critical supply chain challenges and contributes to their broader sustainability efforts.”<\/p>\n

\n Acquisition Highlights<\/b>\n <\/p>\n

Prologis has a strong history of successfully\u00a0integrating new assets into the business and creating value for customers through its scaled platform. The acquisition of this highly compatible portfolio from Duke Realty includes:<\/p>\n