Last checked at 24 Jun 2013 07:00
24 June 2013
Statement regarding Press Comment
The Board of SEGRO plc notes the recent press speculation regarding the potential formation of a joint venture in connection with SEGRO's Continental European logistics portfolio.
SEGRO confirms that it is in advanced discussions with Public Sector Pension Investment Board regarding the contribution of the bulk of SEGRO's Continental European logistics portfolio to seed a joint venture. SEGRO would manage the venture and would retain a 50% stake. The intention would be to grow the venture over time.
A further announcement will be made as and when appropriate.
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For further information please contact:
Peter Hewer/David Shriver (Tulchan Communications) Tel: +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 (as at 31 December 2012, including our share of joint venture assets) principally concentrated in London's Western Corridor (including the Thames Valley) and in key conurbations in France, Germany and Poland, as well as suburban office buildings in the Thames Valley, Brussels and Milan.
The Group serves over 1,300 customers spread across a diverse range of industry sectors. It has 5.3 million sq m of built space and a passing rent roll of £318 million (as at 31 December 2012). For further information see www.SEGRO.com