News
- Home
- Investment Company News
- SEGRO : SRGO – logistics partnership buys European portfolio
SEGRO European Logistics partnership, a vehicle that SEGRO owns 50% of and manages, is acquiring a portfolio of 14 logistics assets located across Germany, Poland and France for €472m.
The whole portfolio comprises 679,000 sqm of lettable space (including one facility under construction) and 51ha of development land in Germany. Excluding the property being built (which they are paying €9m for), the completed assets have an initial yield of 7.1%.
SEGRO will contribute €142m in cash towards the deal.
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated