IN BRIEF: Segro buys Dutch, German assets from former Tritax EuroBox

Segro PLC - London-based industrial property investor - The Segro European Logistics Partnership ...

Alliance News 28 January, 2025 | 11:13AM
Email Form Facebook Twitter LinkedIn RSS

Segro PLC - London-based industrial property investor - The Segro European Logistics Partnership joint venture buys six properties from Titanium Ruth Holdco Ltd, the formerly London-listed Tritax EuroBox, for EUR470 million in total. The six buildings in Germany and the Netherlands offer a total of 370,000 square metres of logistics space. They generate EUR24 million per year in headline rent, giving a blended net initial yield of 5.0%. The purchase is subject to EU anti-trust clearance, which is expected in the first quarter. SELP is a joint venture with Canadian pension fund PSP Investments.

Current stock price: 719.80 pence

12-month change: down 18%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Segro PLC 719.60 GBX -0.55 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures