Segro's profits boosted by demand for parcel delivery, logistics and retailers
28th Jul 2015 08:56
(ShareCast News) - Industrial real estate investment trust Segro posted a solid increase in interim profits thanks to strong demand from parcel delivery companies, logistics operators and retailers. In the six months to 30 June, pre-tax profit rose 45.6% year-on-year to £330m, while adjusted profit
Read moreSegro acquires 90% stake in Vailog
23rd Jun 2015 15:37
Real estate investment trust Segro has completed the acquisition of a 90% stake in Italian logistics real estate development company Vailog Srl. Late last month, the FTSE 250 group said it had agreed a £28.1m deal with FBH Spa, Vailog's majority stakeholder, which would see it establish a strategic
Read moreSegro and M&G dissolve Big Box joint venture
18th Jun 2015 07:54
Real estate investment trust Segro confirmed on Thursday that it has completed the component transactions resulting in the dissolution of the Heathrow Big Box Industrial and Distribution Fund joint venture. The company had said on 12 June that it had exchanged contracts with M&G Real Estate to disso
Read moreLondon pre-open: FTSE to start lower after IMF negotiators leave Brussels
12th Jun 2015 07:31
London-listed stocks are set to begin Friday's session in negative territory after it was revealed the International Monetary Fund (IMF) has pulled the technical team that was negotiating with Athens. City sources predict the FTSE 100 will open around 21 points lower than Thursday's close of 6,846.7
Read moreSegro to dissolve joint venture with M&G Real Estate
12th Jun 2015 07:16
Segro has agreed to dissolve the Heathrow Big Box Industrial and Distribution Fund, the 50/50 joint venture created by its subsidiary Brixton plc in partnership with M&G Real Estate, ahead of its termination date in June 2016. Under the agreement, Segro will take full ownership of Axis Park, which i
Read moreSegro buys Italy's Vailog for £28.1m
22nd May 2015 07:41
UK property and investment company Segro said on Friday that it has exchanged contracts to acquire 90% of Vailog Srl from its majority shareholder FBH Spa for £28.1m, subject to completion adjustments. The deal will allow Segro to establish a strategic big box warehouse and operating platform in the
Read moreSegro enjoys strenghtening of UK industrial property market
28th Apr 2015 09:00
Industrial property investor Segro has made an encouraging start to 2015 as UK market conditions improve but warned that competition had intensified in Continental Europe. From the start of the year to 27 April, the FTSE 250 company enjoyed a fourth consecutive quarter of positive stock absorption a
Read moreSegro concludes portfolio re-balancing, sells Italian assets
10th Mar 2015 07:19
Property developer Segro has sold a recently developed office campus near Milan, as it shifts its weight towards its main markets of warehousing and light industry in London's western corridor and in key conurbations in France, Germany and Poland. The 61,400 square metre Energy Park development was
Read moreSegro grows value of portfolio by dumping non-core assets
25th Feb 2015 08:57
Industrial property giant, Segro, grew the value of its portfolio by 12.9% to £4.8b in 2014 as it stayed on track of its three-year repositioning programme which saw the disposal of assets worth £1.6b. "The portfolio re-positioning strategy is substantially complete and the tangible benefits are sho
Read moreSector movers: Intu and British Land lead real estate stocks lower
18th Feb 2015 14:55
Real estate groups were among the worst performers in London on Wednesday with broker downgrades hitting shares of heavyweights Intu Properties and British Land. Shopping centre owner Intu fell 3% to 365.2p after analysts at Barclays lowered their rating on the stock from 'equal weight' to 'underwei
Read moreLondon close: Oil price slide fuels fall in equities as rouble tumbles
15th Dec 2014 16:45
Oil prices embarked on fresh falls on Monday, dragging the London market down with them. The price of a barrel of US light crude had dropped about 3.7% to $57.8 towards the end of the trading session while a barrel of Brent crude fell just under 3% to $61.85. The falls fueled a 117.91-point fall in
Read moreLondon midday: Stocks steady ahead of US data
15th Dec 2014 11:15
UK stocks were holding higher ahead of a week full of potential risk events. Significantly, on Sunday Bloomberg reported that Libya was forced to declare "force majeure" at two of its ports, Es Sider and Ras Lanuf, which have a combined capacity to export 560,000 barrels of oil per day. Somewhat ir
Read moreSegro sells six industrial estates for over £110m
15th Dec 2014 07:13
Real estate investment trust Segro has agreed to sell a portfolio of six industrial estates to Orchard Street Investment Management for £113.8m. The group said the portfolio of properties, all of which are in the UK, generates a passing rent of £6.4m, rising to £7.4m on expiry of rent-free periods a
Read moreFTSE 250 movers: Acacia Mining rockets on broker move
8th Dec 2014 14:54
Precious metal producer Acacia Mining saw its shares rocket as gold and silver prices advanced. The company was also boosted by Deutsche Bank, which lifted its rating on the stock to 'buy', saying the recent plunge in oil prices and weaker currencies should help to lower costs. They broker added tha
Read moreLondon pre-open: FTSE to open with little change after Asian data
8th Dec 2014 07:42
Little change is expected on the FTSE 100 at Monday's opening bell, following weakness in Asia overnight. City sources predict the top tier index will open just two points higher than Friday's close of 6,742.84. "Disappointing data from China and Japan is weighing on European futures ahead of the o
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