SEGRO plc says it has noted the recent media comment regarding a possible transaction with Roxhill Developments. SEGRO confirms that it is in discussions regarding a possible arrangement with Roxhill that, should it be agreed, will enable SEGRO to strengthen its presence in the UK big box logistics market.
The arrangement would involve SEGRO and Roxhill working together over a period of years to develop a number of land sites in the Midlands and South East regions of the UK, which are currently held under option by Roxhill.
There is no guarantee that an agreement will be reached and a further announcement will be made if and when appropriate.
SGRO : SEGRO mulling big box logistics tie up with Roxhill