World's largest real-estate owner offers $24 billion to buy DukeRealty Corp.
In recent years Industrial real estate has been one of the best performing commercial real-estate sectors .
Reason for the promotion of real estate sector is growth in online commerce.
Due to the pandemic people spending their time in shopping by sitting at home that boosted the commercial growth.
According to the report largest global owner of warehouse space Prologis Inc is going to buy DukeRealty Corp.
Prologis Inc offered as good as $24 billion deal
In report it states that Prologis controls around 1 billion square foot global network of warehouses.
As per the reports it's been 5 months that Prologis is making efforts to convince Duke.
Prologis said that "Numerous private conversations have not led to serious dialogue or consideration"
According to the report, Prologis’s offer of $61.68 per share constitute a installment of 29% to Duke
160 million square feet of industrial real estate's owner Mr. James Connor, did not showed any interest to the Prologis request.