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Segro PLC - London-based industrial property investor - The Segro European Logistics Partnership joint venture buys six properties from Titanium Ruth Holdco Ltd, the formerly London-listed Tritax EuroBox, for €470 million in total. The six buildings in Germany and the Netherlands offer a total of 370,000 square metres of logistics space. They generate €24 million per year in headline rent, giving a blended net initial yield of 5.0%. The purchase is subject to EU anti-trust clearance, which is expected in the first quarter. SELP is a joint venture with Canadian pension fund PSP Investments.
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