5/25/2023 0 Comments Buy at duke“We’ve really seen no let-up in demand and trajectory of rent in most markets.” “Whatever macro environment, good or bad, that we have, the new company will perform even better than the old company,” Prologis Chief Executive Officer Hamid Moghadam said on a conference call. That initial bid was rejected by Duke, which called the offer “insufficient.” Prologis, which owns industrial warehouses across the US and other countries, went public with a $24 billion acquisition offer in early May after months of private pushback from Duke. Prologis and its partners own 55 million square feet in the Chicago area, also its second-largest market, representing 10% of its portfolio, according to the REIT’s annual report. The Chicago area is Duke’s second-largest market, accounting for 13.9 million square feet of industrial space, 9.9% of the REIT’s portfolio, according to its annual report.
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