Disposal of the Neckermann site for EUR46 million

RNS Number : 2888W

SEGRO PLC

24 December 2013

 



SEGRO completes the disposal of the Neckermann site for €46 million

Further to its announcement on 22 July 2013, SEGRO is pleased to announce that its €46 million (£38.3 million*) disposal of the Neckermann site in Frankfurt completed on 23 December 2013.

* Exchange rate as at 23 December 2013: €1.20 / £1 

ENDS

For further information contact:

Harry Stokes - Head of Investor Relations and Research, SEGRO

07725 735 322

David Shriver/Peter Hewer - Tulchan Communications

0207 353 4200

About SEGRO:  

SEGRO is a leading owner-manager and developer of modern warehousing, light industrial and data centre properties with £4.7 billion of assets (as at 30 June 2013, including our share of assets held in joint ventures), principally concentrated in London's Western Corridor (including the Thames Valley) and in key conurbations in France, Germany and Poland. We also own offices and more specialised buildings in the Thames Valley, Brussels and Milan and smaller industrial property investments in Belgium, the Netherlands and the Czech Republic. The Group serves over 1,400 customers spread across a diverse range of industry sectors. It has 5.2 million sq m of built space and a passing rent roll of £311 million (as at 30 June 2013). For further information see www.SEGRO.com.

 

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