When number 1 eats number 2

Shockwaves rippled through the industrial sector last month when it was announced that US developer ProLogis has bought the warehousing business of UK firm Parkridge Holdings in the largest acquisition of its type in European historyAccording to the terms of the deal, ProLogis has now taken over 100 pct of Parkridge’s warehousing and 25 pct of its retail warehousing and retail operations, after the British company accepted an offer of USD 581 mln. In a separate deal, ProLogis acquired from Parkridge’s JV partner its 50 pct holding in the Central European venture for USD 449 mln, as well as paying offLogistics super-giant As well as Parkridge’s UK and western European warehousing, ProLogis is the new owner of its central and eastern European real estate – the majority of which lies in Poland and is run by its industrial division in the country, Parkridge CE Developments. ProLogis has already established itself as the largest warehouse developer in Poland in term