FTSE 100 Segro shares rocket as it fights off £12.6bn swoop by US real estate giant Markets Real estate investment firm Segro has rejected a £12.6bn bid from a US fund looking to combine the two companies into one mammoth investment trust. Prologis said it had gone public with its offer in a bid to convince Segro shareholders to back the deal. As part of Prologis’ offer, Segro stocks would be valued [...]
Padel craze drives demand for industrial property Property Padel operators have leased out more than one million square feet of industrial space in the last 18 months, as the UK’s newest sports craze takes over the country’s warehouses. The volume of square feet snapped up for Britain’s fastest-growing racquet sport in the past year and a half is almost seven times that in [...]
Tate & Lyle becomes latest market stalwart to quit London Retail Tate & Lyle on Monday became the latest City stalwart to head for the door. Felix Armstrong recounts the accelerating exodus from London’s stock market As the summer holidays beckon, stalwarts of the London Stock Exchange are packing their bags ahead of a potential departure to warmer climes. FTSE grandee Tate & Lyle became the [...]
Segro boss David Sleath: AI data centre roll out a matter of life and death February 20, 2026 The roll out of AI data centres in the UK’s urban hubs is a matter of life and death, warehouse magnate David Sleath has said. In an interview with City AM, the chief executive of industrial property group Segro said developing data centres in urban areas is “critical” for relying on developments such as saving [...]
Buy Segro amid real estate sector strength, says UBS April 8, 2025 UBS analysts have backed real estate stocks like Segro and British Land after the sector has managed to hold out during the global stock exchange crash caused by the US trade war. Since the start of 2025, global stock markets have tanked, spurred on by the introduction of sweeping tariffs by US president Donald Trump. [...]
New £1bn west London data centre set to back soaring AI demand March 25, 2025 Segro and Pure Data Centres have announced a new £1bn data centre located in London’s Park Royal, set to meet the soaring demand for digital infrastructure in the UK. The centre, backed by secretary Peter Kyle, is set for completion in 2026, with operations expected from 2029. The project will support next-generation AI and cloud [...]
Segro: Data centre demand fuels growth at warehousing giant February 14, 2025 Warehousing giant Segro has reported a double-digit jump in profit driven by demand for data centres and improving investment market conditions. Shares were flat in early trades. Adjusted profit before tax at the FTSE-100 real estate investment trust (REIT) grew 14.9 per cent in the year ended December 31 to £470m. Adjusted earnings per share rose 5.5 per [...]
Segro backs down from Tritax bidding war amid asset buying spree November 12, 2024 Segro has failed to up its offer for a takeover of Tritax Eurobox despite being outbid by Brookfield, leaving the latter victorious in the bidding war. Despite failing to successfully take over the real estate investment trust, Segro said today that it had bought about a third of Tritax Eurobox’s assets for 470m euros (£389m). [...]
Segro sells west London warehouse to Imperial for science innovation October 15, 2024 Segro has sold its Victoria Road warehouse to Imperial College London for £115m, with the university set to use the property for early-stage companies conducting scientific innovation. Located in Park Royal, West London, the 10-acre urban warehouse estate has been owned and operated by Segro since 2009, when it acquired Brixton plc. Segro said that [...]
Brookfield wins round Tritax Eurobox in £1.1bn tie-up October 10, 2024 In a statement to the market this morning, the boards of the two companies said they reached an agreement on a £1.1bn deal.