SEGRO adds EUR 110m credit through refinancing
11th May 2016 11:16
(ShareCast News) - Industrial property investor SEGRO announced on Wednesday that it has agreed amended bank facilities totalling €780m (£614m). The FTSE 250 firm said the facilities comprise a €610m syndicated revolving credit facility and two bilateral revolving credit facilities of €100m and €70m
Read moreSegro increases Q1 rents; trading in line with expectations
21st Apr 2016 08:24
(ShareCast News) - UK real estate investment trust Segro said it had contracted £8.6m of new rent in the first quarter compared with £6m a year ago. In a trading statement, it added that pre-lets doubled to £3.6m. Vacancy rates increased slightly to 5.1% from 4.8% in the last quarter of 2015. Chief
Read moreFinance chief Read retiring from SEGRO
13th Apr 2016 07:41
(ShareCast News) - SEGRO's group finance director Justin Read announced his intention to retire on Wednesday, having served in the position since August 2011. The FTSE 250 firm's board said it was now commencing a search for a successor, with a further announcement to be made in due course. "It has
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
Read moreMonday broker round-up
22nd Feb 2016 13:49
(ShareCast News) - Coca-Cola Hbc: JP Morgan reiterates neutral with a target price of 1450p, Nomura stays at buy with a 1330p target and Deutsche Bank keeps at hold with a target price of 1500p. Standard Life: JP Morgan keeps at overweight with a target of 465p and Deutsche Bank reiterates buy, 415p
Read moreBroker tips: Segro, Tullow Oil, BBA Aviation
19th Feb 2016 13:03
(ShareCast News) - Segro's shares climbed on Friday as Investec reiterated a 'buy' rating, hailing the company's full year results. The property developer reported its full year net asset value (NAV) rose 21% to 463p a share, while pre-tax profits increased to £686.5m from £654m. The company said i
Read moreInvestec reiterates 'buy' rating for Segro after full year results
19th Feb 2016 10:36
(ShareCast News) - Segro's shares climbed on Friday as Investec reiterated a 'buy' rating, hailing the company's full year results. The property developer reported its full year net asset value (NAV) rose 21% to 463p a share, while pre-tax profits increased to £686.5m from £654m. The company said
Read moreSegro NAV lifted by move towards industrial properties
19th Feb 2016 07:48
(ShareCast News) - Property developer Segro said its full year net asset value rose 21% to 463p a share, while pre-tax profits increased to £686.5m from £654m. The company said its operating and portfolio performance reflected the active management of its assets, positive market dynamics and the str
Read moreSegro creates big box partnership with Roxhill
18th Feb 2016 08:04
(ShareCast News) - Segro has created a partnership with Roxhill Development Group that will give the FTSE 250 real estate investment trust access to a portfolio of big box logistics warehouse development sites in the South East and Midlands. The sites subject to the transaction are at various stages
Read moreSegro confirms discussions with Roxhill Developments
12th Feb 2016 07:36
(ShareCast News) - Segro has confirmed speculation it is in discussions with Roxhill Developments over a possible arrangement. The FTSE 250 company said on Friday that if the companies come to an agreement, they will work together to develop a number of land sites in the Midlands and South East regi
Read moreGerald Corbett appointed Segro chairman-designate
15th Jan 2016 09:16
(ShareCast News) - Gerald Corbett has been appointed chairman-designate of Segro, taking over from Nigel Rich who announced last year he was stepping down. Corbett has been a director of 12 public companies, chairing six of them including Betfair and Numis Corporation. He had also served in the pas
Read moreSegro sells Slough office portfolio for GBP325m
24th Dec 2015 07:17
(ShareCast News) - FTSE 250 property firm Segro announced it had exchanged contracts to sell its large portfolio of offices on Bath Road in Slough for £325m. The sale was to fellow real estate investors AEW Europe. It was announced the sale price represented a net initial yield of 5.6%, a topped-up
Read moreSegro and Hermes complete industrial asset swap
15th Dec 2015 07:46
(ShareCast News) - Segro has completed a property swap transaction with Hermes Property Unit Trust. The London-listed industrial property investor has bought a 9,800 sq metre single-let modern distribution warehouse in Hayes, West London, for £21.9m, while Hermes has purchased from Segro two multi-l
Read moreSEGRO remains upbeat on full year performances
22nd Oct 2015 08:59
(ShareCast News) - Investment trust SEGRO said it was optimistic about its full-year performance as its UK portfolio was reaping the benefits of favourable market conditions. In the three months to 21 October, the FTSE 250 group said the amount of new rent contracted jumped 63% year-on-year to £10.6
Read moreUK Commercial Property Trust and Segro complete multi-million pound land swap
21st Sep 2015 07:53
(ShareCast News) - UK Commercial Property Trust (UKCPT) and SEGRO announced on Monday the completion of a multi-million pound asset swap deal. UKCPT, advised by Standard Life will acquire Ventura Park in Hertfordshire for £67.1m while SEGRO receives the Asda Distribution Centre in Northampton for £3
Read more