Last checked at 11 Oct 2013 11:40
Completion of SEGRO European Logistics Partnership ('SELP') transaction
Further to its announcement of 28 June 2013, SEGRO is pleased to announce the completion today of its transaction with Public Sector Pension Investment Board ('PSP Investments') to form SEGRO European Logistics Partnership ('SELP'), a €1 billion logistics joint venture in Continental Europe.
David Sleath, Chief Executive of SEGRO, commented:
"The creation of SELP is an important step for SEGRO in strengthening our position as one of the leading providers of logistics space in Continental Europe. We are excited about the prospects for the venture and the opportunity it provides to leverage and grow our platform in this attractive and growing sector. We look forward to working closely with PSP Investments to deliver our combined vision for the business."
- ENDS -
For further information please contact:
SEGRO
Justin Read (Group Finance Director): +44 (0) 207 451 9110
Tulchan
David Shriver / Peter Hewer: +44 (0) 20 7353 4200
About SEGRO:
SEGRO is a leading owner, asset manager and developer of modern warehousing, light industrial and data centre properties, with £4.7 billion of assets (including joint ventures at Group share, as at 30 June 2013) principally concentrated in London's Western Corridor (including the Thames Valley) and in key conurbations in France, Germany and Poland. We also own offices and more specialised buildings in the Thames Valley, Brussels and Milan and smaller industrial property investments in Belgium, The Netherlands and the Czech Republic.
The Group serves over 1,400 customers spread across a diverse range of industry sectors. It has 5.2 million sq m of built space and a passing rent roll of £311 million (as at 30 June 2013). For further information see www.SEGRO.com