Segro Plc has turned down the latest bid from Prologis Inc., which valued the UK warehouse landlord at roughly £13.5 billion.

The offer follows earlier speculation of a potential sale, and Segro reiterated that the proposal did not align with its long‑term strategy and valuation expectations.

Prologis, a global logistics real‑estate firm, had previously submitted a valuation of about £13.5 billion, citing the strength of the UK logistics sector.

The rejection was met with mixed reactions from investors, with some analysts noting that Segro's asset base and dividend policy make it a resilient market player.

Market observers are now watching for any further developments as both companies navigate the broader real‑estate landscape.