Pre-Let Agreement

6th November 2008

          SEGRO announces pre-let of Data Centre Facility to Equinix           

SEGRO plc, the leading provider of Flexible Business Space in Europe, announces
a second pre-let to data centre operator Equinix, a provider of global data
centre services.

The company has agreed a twenty-year lease for a c.116,000 sq ft (c.10,776 sq
m) data centre ("LD5") at a commencing rent of £1,508,000 per annum. The
facility will be located close to the company's existing LD4 Internet Business
Exchange (IBX®) data centre in Slough.

This pre-let takes the total space let to Equinix by SEGRO to just under
200,000 sq ft. The first phase of construction of the new centre is due to
commence in Q1 2009.

Equinix operates International Business Exchange (IBX) data centres offering
businesses a place to reliably run their operations and securely exchange
critical information in North America, Europe and Asia-Pacific.. Equinix serves
more than 2,000 customers worldwide.

SEGRO has been increasingly successful in attracting data centres to its
locations. The company currently has approx 30,000 sq m of completed data
centre space and a further 14,000 sq m under construction.

SEGRO's UK Managing Director, Ian Sutcliffe said, "Data centres are an
increasingly important part of our business and we are delighted that Equinix
has chosen SEGRO for this further development and we look forward to working
with them."

For further information please contact:

SEGRO                     Tel: + 44 1753 213400      Tamarin Shore             
                                                                               
Maitland                  Tel: + 44 207 379 5151     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  

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