trending Market Intelligence /marketintelligence/en/news-insights/trending/IMqA7IGB0UJiQlP9ifhjLA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Segro signs contracts to sell 7 UK warehouses for £241M

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Segro signs contracts to sell 7 UK warehouses for £241M

Segro PLC signed contracts to sell seven standalone big-box warehouses in the U.K. for £241 million, in line with the assets' book value as at June.

A fund advised by Morgan Stanley Real Estate Investing, acting through a controlled subsidiary in joint venture with Thor Equities Group, is acquiring the portfolio spanning 203,400 square meters of floor space.

The warehouses are in Warth Park, Raunds; DIRFT, Daventry; Rye Park, Hoddesdon; Hams Hall, Coleshill; Grove Park, Leicester; The Duke, Burton-on-Trent; and Magna Park, Lutterworth. The combined vacancy rate is 18.5%, and the unexpired lease term to the earlier of break or expiry is six years.

Segro plans to recycle the proceeds into its existing and future development projects.

The deal is expected to close by end of 2019.