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 [...]