Prologis to acquire Liberty Property Trust for $12.6bn.

Prologis, a provider of logistics real estate with a focus on high-barrier, high-growth markets, agreed to acquire Liberty Property Trust, a provider of commercial real estate, serving customers in the United States and United Kingdom, for $12.6bn. The board of directors of Prologis and the board of trustees of Liberty have each unanimously approved the transaction. "Liberty and Prologis represent two of the finest teams of real estate professionals and two of the finest portfolios of industrial real estate ever assembled. The joining of these two platforms at this moment, when industrial logistics has become so pivotal to the new economy, will further the industry's ability to support the nation's supply chain and enhance value creation for our combined shareholders. It is a testament to Liberty's outstanding teams of professionals, both present and past," Bill Hankowsky, Liberty Chairman and CEO.