SEGRO’s SELP Completes €470 Million Acquisition of Logistics Assets

An update from Segro plc (REIT) ( (GB:SGRO) ) is now available.

SEGRO, acting as a venture adviser to the SEGRO European Logistics Partnership (SELP), has completed the acquisition of six logistics assets from Titanium Ruth Holdco Limited, valued at €470 million. These assets, located in key logistics hubs in the Netherlands and Germany, cover 370,000 sq m of fully-leased space, generating €24 million in rent with a net initial yield of 5.0%. This acquisition strengthens SELP’s position in the European logistics market, enhancing its portfolio and revenue potential.

More about Segro plc (REIT)

SEGRO plc is a UK-based Real Estate Investment Trust (REIT) listed on the London Stock Exchange and Euronext Paris. It is a leading owner, manager, and developer of modern warehouses and industrial properties, with a portfolio valued at £20.3 billion as of December 2024. SEGRO’s properties are strategically located in major cities and key transportation hubs across the UK and seven other European countries. The company is committed to sustainable business practices and societal impact, focusing on low-carbon growth, community investment, and nurturing talent.

YTD Price Performance: -3.71%

Average Trading Volume: 3,481,448

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £9.34B

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