Acquisition(s)

28th September 2007

                 SEGRO TO DEVELOP BUSINESS PARK IN DÃœSSELDORF                 

SEGRO plc has entered into a purchase contract with Stora Enso for a prominent
industrial site on the outskirts of Düsseldorf.  The site is in the south of
Düsseldorf, well connected to motorways and the major industrial areas, and
will be developed by SEGRO as an industrial and logistics facility.

SEGRO has acquired around 161,000m2 at a price of EUR 18.79m.  Stora Enso will
close down its factory by the end of 2007, and will then demolish the
buildings.

SEGRO will start the first of four phases of the development in 2009.  After
full completion of the four phases, Düsseldorf-Benrath will add around 80,000m2
of modern light industrial/logistic space to SEGRO's portfolio.

Dr Udo Titz, SEGRO's general manager in Germany, said: "I am pleased that we
have gained access to the Düsseldorf market through this acquisition, at a
realistic price, of a site well suited to development as a business park.  The
total project envisages flexible business space, with a mix of speculative
units and tailor-built solutions."


For further information please contact:

SEGRO                     Tel: [phone]      Michael Waring            
Maitland                  Tel: [phone]      Colin Browne/Peter Ogden  

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 (it completed the exit from its US business in
August 2007), serving a diversified customer base of over 1,600 customers
operating in a wide range of sectors, representing both small and large
businesses, from start ups to global corporations. With investment property
assets of £5.1 billion (including trading properties and development assets)
and around 3.9 million sq m of business space, SEGRO has an annual rental
income in excess of £200 million. www.segro.com