LONDON: The boards of Tritax EuroBox and SEGRO plc have reached an agreement on the terms of a recommended all-share offer by SEGRO for the entire issued and to be issued share capital of Tritax EuroBox. Under the terms of the scheme, Tritax EuroBox shareholders will receive 0.0765 new SEGRO shares for each Tritax EuroBox share they hold. Additionally,…
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SEGRO and Schroders complete UK industrial property swap
LONDON: SEGRO plc and Schroders have completed a property swap transaction in which SEGRO has acquired from Schroders a 256,000 sq ft urban warehouse estate in West London for £140 million and Schroders has acquired from SEGRO a portfolio of UK big box and urban assets totalling 880,000 sq ft for £205 million. The balance…
SEGRO prices €500 million inaugural Green Euro Bond
PARIS, FRANCE: SEGRO Plc announced the launch and pricing of a ten year, €500 million senior unsecured Green bond issue. The bonds, which were eight times oversubscribed, were priced at 55 basis points above euro mid-swaps and have an annual coupon of 0.5 per cent. This is SEGRO’s first bond in the euro market and…