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SEGRO PLC (SGRO)

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daveh
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SEGRO PLC (SGRO)

#215564

Postby daveh » April 17th, 2019, 8:23 am

SEGRO have just released their results for the first qtr here:
www.investegate.co.uk/article.aspx?id=2 ... 4103W&fe=1

"Our business has continued to perform well during the first quarter, securing £21 million of new headline rent from a combination of increasing occupancy, uplifts from rent reviews and renewals and our development activity. We currently have 44 projects under construction, which are expected to generate £57 million of annualised rent and are already 72 per cent leased.
"The new equity raised in February provides the capacity to pursue further growth opportunities and we have a number of additional pre-let development projects at advanced stages of negotiation. Whilst we remain mindful of macroeconomic and political risks, we believe that our high quality portfolio of assets in prime locations across the UK and Continental Europe positions us well to continue to benefit from the structural drivers of e-commerce and urbanisation."

daveh
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Re: SEGRO PLC (SGRO)

#258171

Postby daveh » October 16th, 2019, 8:12 am

3rd qtr results cane be found here:
www.investegate.co.uk/article.aspx?id=2 ... 9941P&fe=1

David Sleath, Chief Executive, said:
"The third quarter has seen another period of strong operational delivery from SEGRO. We have continued to secure high levels of new rental income both from our existing portfolio and from our active development programme, in which we have over 1 million sq m of new space under construction or in advanced discussions. During the period we also added further land and assets in our core urban markets, including in London and Paris to support further growth.
"SEGRO continues to benefit from the structural trends of urbanisation and technological revolution, and despite the uncertain macro-economic backdrop at this time, we head into the final part of the year with confidence. Looking ahead, the combination of new rental income from the development programme, compounded with the benefits of active asset management of our existing portfolio, should enable us to drive sustainable growth in both earnings and dividends."

idpickering
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Re: SEGRO PLC (SGRO)

#270262

Postby idpickering » December 10th, 2019, 7:06 am

SEGRO TO SELL £241M OF UK BIG BOX WAREHOUSES

SEGRO plc ("SEGRO") has exchanged contracts to sell a portfolio of UK big box warehouses for £241 million to a fund advised by Morgan Stanley Real Estate Investing, acting through a controlled subsidiary in joint venture with Thor Equities Group. The transaction is expected to complete by the end of the year. The price is in line with June 2019 book value.

The portfolio comprises seven stand-alone big box warehouses with a total floor space of 203,400 sq m. The assets being sold are located in Warth Park, Raunds; DIRFT, Daventry; Rye Park, Hoddesdon; Hams Hall, Coleshill; Grove Park, Leicester; The Duke, Burton-on-Trent and Magna Park, Lutterworth. The combined vacancy rate is 18.5 per cent and unexpired lease term to the earlier of break or expiry is 6 years. The current passing rent of the portfolio is £10.1 million.


https://www.investegate.co.uk/segro-plc ... 00092763W/

daveh
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Re: SEGRO PLC (SGRO)

#284177

Postby daveh » February 14th, 2020, 9:17 am



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