Segro plc (REIT) (GB:SGRO) has released an update.
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SEGRO plc has strategically expanded its logistics portfolio by acquiring three fully leased warehouses in the Netherlands, with a total investment of €222 million. These acquisitions bolster SEGRO’s presence in key Dutch logistics hubs, offering significant reversionary potential and align with their commitment to sustainable growth. The properties, including one leased to Tesla, add 172,300 sq m to SEGRO’s Dutch portfolio and are anticipated to nearly double its headline rent in the region.
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