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SGRO Segro Plc

848.60
8.20 (0.98%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Segro Plc LSE:SGRO London Ordinary Share GB00B5ZN1N88 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.20 0.98% 848.60 848.00 848.40 858.60 828.00 835.00 2,352,168 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 749M -253M -0.2084 -40.71 10.3B

SEGRO PLC SEGRO AGREES TO SELL WAREHOUSE IN ROME (7885D)

11/10/2018 3:00pm

UK Regulatory


Segro (LSE:SGRO)
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TIDMSGRO

RNS Number : 7885D

SEGRO PLC

11 October 2018

11 October 2018

SEGRO AGREES TO SELL 158,000 SQ M WAREHOUSE IN ROME

SEGRO plc ("SEGRO") has exchanged contracts to sell a 158,000 sq m warehouse in Rome for EUR118 million. The transaction is expected to complete by the end of October 2018.

The warehouse was developed by SEGRO-Vailog in 2017 for a global online retail company on a 15 year lease. It is located in Passo Corese, approximately 35 km north east of Rome, and was designed to cater for the occupier's specific requirements, with three mezzanine levels on a footprint of 60,518 sq m.

Phil Redding, Chief Investment Officer of SEGRO, said

"Having developed and delivered this state-of-the-art facility for one of our key customers, the largest SEGRO has ever developed, we have taken the opportunity to sell the asset to capitalise on very strong demand from a wide range of international investors."

ENDS

For further information, please contact:

SEGRO plc

Harry Stokes (Commercial Finance Director)

Tel: +44 (0) 20 7451 9124 / harry.stokes@segro.com

Lizzie Humphreys (External Communications Manager)

Tel: +44 (0) 20 7451 9129 / lizzie.humphreys@segro.com

Richard Sunderland / Claire Turvey / Eve Kirmatzis (FTI Consulting)

Tel: +44 (0) 20 3727 1000

Notes to Editors:

ABOUT SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.9 million square metres (74 million square feet) of space valued at over GBP10 billion, serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.

See www.SEGRO.com for further information.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISDMMMGFMVGRZM

(END) Dow Jones Newswires

October 11, 2018 10:00 ET (14:00 GMT)

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