Segro has rejected a £12.6 billion unsolicited takeover bid from a major US real estate investment firm, according to reports from Cityam.
The London-listed logistics landlord, a heavyweight on the FTSE 100, has fought off the approach, maintaining its independence amid growing cross-border M&A activity in the property sector.
The rejection underscores the defensive posture of European prime real estate owners facing aggressive valuations from US buyers.
With US equity markets commanding a significant premium over European peers, American firms have increasingly targeted high-quality European assets, viewing them as undervalued relative to domestic alternatives.
Segro’s stance suggests the board believes the offer does not reflect the long-term value of its logistics portfolio.
This development arrives as global equity markets stage a broad rally following a diplomatic breakthrough between the United States and Iran, which effectively ends their conflict.