8th Dec 2014 07:02
Real estate investment trust Segro has sold seven regional German industrial estates and has agreed to dispose of a further three to Hansteen Holdings, for a total of €45.8m (£36.1m). The firm added the disposal of the three remaining assets, which are worth £3.9m, should be completed within the fir
Read more5th Dec 2014 07:20
Real investment trust Segro has renewed its simplified planning zone (SPZ) agreement with Slough Borough Council. Under the deal, which has now been renewed three times, Segro will be granted full planning permission for the construction of industrial building on the Slough's Trading Estate, provide
Read more12th Nov 2014 08:14
Segro has sold six UK logistics properties and a smaller regional warehouse to Logicor, Blackstone's European logistics platform, for £153.3m. The property investment company said the sale proceeds were 3% ahead of the most recently reported acquisition and book values at 30 June. The portfolio is
Read more23rd Oct 2014 08:48
Stronger occupational marketing conditions helped real estate investment trust Segro to make significant progress in the third quarter. The company said it added £1.9m in annualised net rent in the three months to 30 September compared with a £0.1m take-back in the corresponding period 12 months ago
Read more23rd Sep 2014 16:12
Industrial property company Segro's logistics joint venture has acquired a €43m portfolio from Standard Life's European Property Growth Fund. The real estate investment trust's 50%-owned SEGRO European Logistics Partnership (SELP) snapped up a portfolio of three modern, fully-let logistics assets in
Read more18th Sep 2014 12:35
Segro, which develops warehousing and light industrial properties, has completed the sale of Pegasus business park. It sold the site for £66.2m. Shares in the company had inched 0.28% higher to 362.80p by 12:41.
Read more4th Sep 2014 13:00
Asset manager and property developer Segro has arranged €208m of bank funding for its 50%-owned joint venture (JV), Segro European Logistics Partnership (SELP). The sum will be used to support the JV's acquisition of €472m of prime logistics assets in Germany, Poland and France, which it completed
Read more21st Aug 2014 11:34
Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds
Read more20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
Read more12th Aug 2014 09:25
African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito
Read more31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read more30th Jul 2014 09:08
Segro reported a 3.3% fall in first half pre-tax profit to £66.7m, reflecting a 13% fall in net rental income. Net rental income dropped as a result of disposals completed in 2013 and the creation of the Segro European Logistics Partnership joint venture (SELP), slightly offset by a reduction in ne
Read more29th Jul 2014 08:07
Segro has acquired a portfolio of four UK logistics properties from Harbert European Real Estate Fund III for £49.5m, which it will fund from existing resources. The purchase price reflects a net initial yield of 6.3%, generating annual net rent of £3.2m. The portfolio comprises four Grade A war
Read more29th Jul 2014 07:41
Lifted by an upbeat session in Asia, London's blue chips are expected to move higher early on. City sources predict the FTSE 100 will open around 14 points higher than yesterday's close of 6,788.07. Data released from Japan indicated that while household and consumer spending had declined, it was
Read more7th Jul 2014 08:14
Segro, the FTSE 250 real estate investment trust, has signed a deal for the sale of Pegasus Park in Brussels for £66.2m. The group said the proceeds were in line with the book value at the 2013 year-end and represent a yield to Segro of 9%. Pegasus is the fifth of the six large, non-strategic as
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