Segro PLC - London-based industrial property investor - The Segro European Logistics Partnership joint venture completes €470 million purchase of six assets from Titanium Ruth Holdco Ltd, formerly known as Tritax EuroBox PLC. The portfolio totals 370,000 square metres of logistics space across six buildings in Germany and the Netherlands. They generate €24 million per year in headline rent with a blended net initial yield of 5.0% and a net true equivalent yield of 5.4%. SELP is a joint venture with Canadian pension fund PSP Investments.
Current stock price: 665.00 pence, down 1.5% in London on Thursday morning
12-month change: down 24%
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