Segro buys Canning Town warehouse in £133m deal October 21, 2020 Property development firm Segro is adding a Canning Town warehouse estate to its London portfolio as it increases its presence in the capital. The landlord, which counts Amazon and Ocado as some of its clients, today announced it had acquired Electra Park, a 13 acre urban warehouse, from global investment manager Schroders for £133m. The [...]
Strong London performance pushes up Segro’s headline rent contract value October 16, 2019 Property giant Segro has increased the value of new headline rent contracts signed for the third quarter. The investor and developer said it signed contracts worth £15.3m over the period, up from £12.6m over the same time last year. Read more: Segro to make £450m placing as profits soar The growth brings its total headline [...]
Warehouse giant Segro makes £21.2m in new headline rent after share placing April 17, 2019 Property group Segro secured £21.2m in new headline rent in the first quarter of 2019, as it followed up on a fundraising designed to help it keep up with increasing demand in the ecommerce sector. Read more: Segro appoints chocolate boss as non-executive director The company, which invests in warehouses located in the UK and continental [...]
FTSE 100 risers and fallers: Index dips amid fears over global growth March 8, 2019 The FTSE 100 index slipped 0.7 per cent today driven by a plunge in gambling company GVC's shares and poor Chinese export data that has sparked fears over global growth. GVC led the day’s fallers with its share price 13.82 per cent down after dropping as low as 18 per cent earlier in the day after its chief [...]
Segro to make £450m placing as profits soar February 15, 2019 Warehouse landlord Segro said today that it is planning to raise £450m as it looks to ramp up development amid a boom in demand for storage space from online retailers. Britain’s largest listed property firm, which also posted a double-digit profit rise in its full-year results this morning, has proposed a placing of shares to fund [...]
Segro appoints Mondelez chocolate boss Mary Barnard to the board February 6, 2019 Property group Segro today said it has appointed a veteran of confectionery company Mondelez to its board. Mary Barnard, who is currently president of European chocolate for Mondelez, will take up the position of non-executive director from the beginning of March. Read more: Segro rent soars amid rising e-commerce demand for warehouse space The British [...]
E-commerce demand helps boost rent for logistics warehouse giant Segro October 17, 2018 Warehouse property giant Segro’s rental income soared 43 per cent in the nine months to the end of September, amid burgeoning demand for new space from fast-growing e-commerce firms. The Slough-based FTSE 100 company, which is one of the UK’s largest listed property firms, said headline rent for the period hit £52m, rising from £36.4m [...]
Nigel Rich to step down as Segro chairman July 28, 2015 Warehouse developer Segro announced yesterday that its chairman Nigel Rich will step down after a decade in the role. The FTSE 250 company, which owns or manages £6.4bn of assets across Europe covering 5.7m square metres, said Rich will retire at the annual general meeting next year. It has already kick-off the search for his [...]
Segro pockets £114m from UK warehouse sale December 15, 2014 SEGRO said yesterday it had sold a portfolio of six UK industrial estates to Orchard Street Investment Management for £113.8m to help pay down debts and fund future developments. Investment manager Orchard Street has pipped rival bidders to the post to buy the Orbital Portfolio. The six estates comprise 97 warehouse units spread around the [...]
Segro sells £66m Brussels office park to US investment firm Ares July 7, 2014 Segro said yesterday that it had exchanged contracts to sell Pegasus business park in Brussels for €83.4m (£66.2m) as part of its strategy to scale back its exposure to regional offices. The FTSE 250-listed office and warehouse developer said funds managed by the US investment firm Ares Management had snapped up the business park, which [...]