Last checked at 26 Jun 2015 07:00
26 June 2015
SEGRO plc
INVESTOR AND ANALYST EVENT
SEGRO plc ("SEGRO" or the "Group"), a leading owner, asset manager and developer of modern warehousing and light industrial property, is today holding an Investor and Analyst Event in Düsseldorf.
Presentations will be delivered by members of the management team on SEGRO's German and wider Continental European businesses, as well as by a speaker from external advisors, CBRE. The event will include a tour of SEGRO Park Düsseldorf City (CityPark), SEGRO Park Düsseldorf Süd (RhinePark) and SEGRO Logistics Park Krefeld Süd.
The Continental European portfolio, which is largely concentrated in Germany, France and Poland, accounts for one third of SEGRO's assets under management by value (£2.0 billion based on the portfolio valuation at 31 December 2014, adjusted for acquisitions and disposals exchanged or completed in the period up to 2 June 2015). Approximately two-thirds of the assets are big box logistics warehouses held within the SEGRO European Logistics Partnership ('SELP') joint venture. The remainder comprises light industrial and urban logistics estates owned outright by SEGRO either within or on the outskirts of major cities, including Paris, Düsseldorf and Warsaw, which are occupied by customers requiring rapid access to and from population centres.
The primary objective of the event today is to provide a greater understanding of SEGRO's investment, operational and development strategy in Continental Europe, focusing particularly on its German business. The Group's operations in Düsseldorf provide an ideal case study for understanding SEGRO's broader Continental European business and growth potential, with speculative developments at CityPark and RhinePark having been recently completed, as well as an 8,200 sq m parcel delivery centre pre-let to DHL at CityPark and a 72,000 sq m international distribution warehouse pre-let to ASICS at Krefeld.
No new material information will be provided during the presentations and site visits. Presentation materials will be made available on www.SEGRO.com shortly after 9.00am UK time this morning.
ENDS
For further information, please contact:
SEGRO plc
Harry Stokes (Head of Investor Relations and Research)
+44 (0) 20 7451 9124 / harry.stokes@segro.com
Lizzie Humphreys (External Communications Manager)
+44 (0) 20 7451 9129 / lizzie.humphreys@segro.com
FTI Consulting
Richard Sunderland / Claire Turvey
+44 (0) 20 3727 1000
About SEGRO:
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and light industrial property. It owns or manages 5.7 million square metres of space in £6.0 billion of assets (at 31 December 2014, SEGRO's share of which totals £4.8 billion), serving 1,200 customers from a wide range of industry sectors. Its properties are located around major conurbations and at key transportation hubs across eight European countries, principally in the UK, France, Germany and Poland.
For further information see www.SEGRO.com/investors.