Prologis-Segro Mega-Merger Reshapes Global Logistics

Prologis agrees to £14bn acquisition of Segro, creating the world's largest logistics and data center landlord. Prologis Q2 earnings confirm record leasing, strong rent growth, and surging data center pipeline (5.8 GW power, $2.1B YTD starts). Broader U.S. industrial leasing jumped 49% in Q2 2026 with 7x absorption growth, confirming strong demand. Chicago big-box leasing rebounds: 9.1M SF H1 2026, vacancy down 150bps to 8.1%, with six 500K+ SF leases. Invesco Real Estate acquires Crossroads Logistics Park in Spartanburg, SC, further evidence of institutional appetite for stabilized industrial in secondary markets. Prologis Ventures co-leads funding for modular AI fulfillment startup, signaling continued investment in automation-ready space. Integration details and regulatory approvals pending.