If SEGRO says no to £12.6bn, just how hot is built environment M&A?

Private capital, strategic buyers and infrastructure trends continue reshaping property markets globally

Hello Rainmakers,

There are few phrases in corporate finance more guaranteed to pique interest than "opportunistically timed".

It is boardroom code for: you've caught us at a weak moment, you've offered less than we think we're worth, and we'd like you to go away and come back with a bigger number.

Today Sam Metcalf looks at Prologis’s approach for SEGRO, and whether the foundations are there to build a deal that can reach completion…