Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest update is out from Segro plc (REIT) ( (GB:SGRO) ).
SEGRO, acting as venture adviser to the SEGRO European Logistics Partnership (SELP) joint venture, announced the purchase of six logistics assets from Titanium Ruth Holdco Limited, valued at €470 million. These assets, located in key logistics hubs in the Netherlands and Germany, offer significant rental growth potential and align with SELP’s existing portfolio, enhancing returns through increased scale. The completion of this transaction, subject to EU anti-trust clearance, bolsters SEGRO’s position in the European logistics market.
More about Segro plc (REIT)
SEGRO plc is a UK-based Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris. It is a leading owner, manager, and developer of modern warehouses and industrial properties, managing 10.8 million square meters of space valued at £20.6 billion. SEGRO’s properties, located in major cities and key transportation hubs across the UK and seven other European countries, serve diverse industry sectors. The company emphasizes sustainable practices, aiming for societal and environmental good under its Responsible SEGRO framework.
YTD Price Performance: 2.34%
Average Trading Volume: 3,345,623
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.57B
See more data about SGRO stock on TipRanks’ Stock Analysis page.
