0550 GMT - European real-estate groups' depressed valuations offer a good opportunity for large and well capitalized U.S. players like Prologis to expand strategically, BNP Paribas's Nate Crossett says in a research note. Prologis's rejected $16.6 billion bid to take over U.K. industrial landlord Segro opens a 28-day window to either make a firm offer or walk away, the analyst says. "If an acquisition were to be approved at or near these valuation levels, we would view it positively; it would likely be accretive for [Prologis] shareholders given the potential of cost synergies," he adds. Segro's land bank includes 2.5 gigawatts of available power to be developed for data-center use, BNP says. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

June 25, 2026 01:50 ET (05:50 GMT)

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