Letting Agreement

25th November 2008

SEGRO SECURES MAJOR OFFICE LETTING FOR FLUOR LTD

Fortune 150 company, Fluor takes 210,000 sq ft of prime office space for its UK
HQ in Farnborough

SEGRO, Europe's leading provider of flexible business space, today announces it
has signed a pre-let deal with Fluor LTD, a subsidiary of Fluor Corporation
(NYSE: FLR), to take 210,000 sq ft of prime office space at its business park,
IQ Farnborough, Hampshire. The pre-let is estimated to be the largest in 2008
in the UK South East office market outside London and thought to be the largest
in the Thames Valley since 2001.

The new UK headquarters will consist of four buildings, one of which will be
acquired by Fluor with three other buildings being taken on long term leases.
Construction will start on site in January 2009, with phased completion of the
four buildings during the course of Q1 and Q2 2010.

This is another important phase in the ongoing development of IQ Farnborough,
following previous completions and the current construction of the De Vere
Hotel, scheduled to open in summer 2009.

Fluor Corporation is a FORTUNE 150 company, from Irving, Texas, that delivers
engineering, procurement, construction, maintenance, and project management to
governments and clients in diverse industries around the world, including
chemicals and petrochemicals, commercial and institutional, government
services, life sciences, manufacturing, mining, oil and gas, power, renewable
energy, telecommunications, and transportation infrastructure.

Ian Sutcliffe, SEGRO's UK Managing Director commented:

"We are delighted that Fluor has chosen SEGRO as a business partner. A
commitment of this scale under current market conditions demonstrates that IQ
Farnborough is a first class site and illustrates the benefits that a mixed use
business environment of this quality can offer a company of Fluor's stature."

Ian Thomas, Managing Director Fluor LTD. added:

"Fluor's UK operations have nearly 1,800 employees working for clients around
the globe in a number of diverse business sectors. The relocation to IQ
Farnborough makes sense for our company and our employees on a number of
levels. We will be within a short distance of direct train lines from London
which will help us with recruiting. There are amenities close by to serve the
needs of our employees and clients like the town centre, hotels, restaurants
and day care facilities. Finally, we are expecting to be able to significantly
reduce our energy consumption using new systems and technologies."

The lettings agents for IQ Farnborough are Jones Lang LaSalle, Cushman and
Wakefield and Hollis Hockley.

For further information please contact:

SEGRO                      [phone]           Tamarin Shore            
                                                                               
Maitland                   [phone]           Colin Browne             
                                                      Liz Morley               

About SEGRO
SEGRO is the leading provider of Flexible Business Space in Europe.
Headquartered in the UK, SEGRO is listed on the London Stock Exchange and on
Euronext in Paris. The Company is a UK Real Estate Investment Trust (REIT) with
operations in ten countries, serving a diversified base of 1,700 customers
operating in a wide range of sectors, representing both small and large
businesses, from start-ups to global corporations. With property assets of £5.1
billion as at 30 June 2008 and around 5.0 million sq m of business space, SEGRO
has an annual rent roll of approximately £290 million (Note: these metrics
include trading properties, development assets and the Group's share of joint
ventures).  www.SEGRO.com