SEGRO progresses with SELP portfolio acquisition

30th May 2014 13:36

Warehousing and light industrial properties developer SEGRO on Friday said its 50%-owned SEGRO European Logistics Partnership (SELP) has completed £233m of the £384m portfolio acquisition. SELP is a joint venture that was established in October 2013. The remainder is expected to completed within the next three months, once certain regulatory approvals have been received. The current contracted annualised net rental income associated with the assets completed is 16.3%. Shares had risen 0.61% to 365.10p by 13:47. NR