warehouse deal.© Wave Break Media Ltd jpg
© Wave Break Media Ltd

It is easy to speculate that a flurry of deals worth billions of dollars – perhaps $30bn or more – could be waiting in the wings of the logistics arena.

This is a simple conclusion, drawing from recent deal-making activity in a sub-segment that, in late 2017, I defined as the first level of “downstream logistics” and which involves providers of distribution facilities, logistics properties and services.

Background

At the end of April, San Francisco-based Prologis announced it had agreed to merge with ...

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