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 [...]