M&A Deal Summary

Prologis Acquires Duke Realty

On May 10, 2022, Prologis acquired real estate company Duke Realty for 26.0B USD

Acquisition Highlights
  • This is Prologis’ 6th transaction in the Real Estate sector.
  • This is Prologis’ largest (disclosed) transaction.
  • This is Prologis’ 6th transaction in the United States.
  • This is Prologis’ 1st transaction in Indiana.

M&A Deal Summary
Date 2022-05-10
Target Duke Realty
Sector Real Estate
Buyer(s) Prologis
Deal Type Add-on Acquisition
Deal Value 26.0B USD
Advisor(s) Morgan Stanley
J.P. Morgan Securities (Financial)
Hogan Lovells
Alston & Bird (Legal)

Target

Duke Realty

Indianapolis, Indiana, United States
Duke Realty is a provider of commercial real estate. Duke Realty owns, maintains an interest in, or has under development approximately 156.5 million rentable square feet of industrial and office assets, including medical offices, in 22 major U.S. metropolitan areas. Duke Realty is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Prologis

San Francisco, California, United States
Category Company
Sector Real Estate
Employees2,574
Revenue 8.0B USD (2023)
DESCRIPTION
Entrance to Prologis' corporate headquarters in San Francisco, California.
Entrance to Prologis' corporate headquarters in San Francisco, California.

Prologis is an owner, operator, and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. Prologis is based in San Francisco, California.

DEAL STATS #
Overall 6 of 6
Sector (Real Estate) 6 of 6
Type (Add-on Acquisition) 5 of 5
State (Indiana) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-27 Liberty Property Trust

Wayne, Pennsylvania, United States

Liberty Property Trust is a provider in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 100 million square foot portfolio includes 746 properties which provide office, distribution and light manufacturing facilities to 1,800 tenants. Liberty Property was founded in 1972 and is based in Wayne, Pennsylvania.

Buy $12.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Assemblage

Minneapolis, Minnesota, United States

Assemblage consists of over five million square feet and features a mix of bulk, light industrial, and last-mile facilities with an average building size of more than 200,000 square feet. Assemblage is based in Minneapolis, Minnesota.

Sell -
Mergr

Product

Company

Legal