Segro
 | |
| Company type | Public |
|---|---|
| LSE:SGRO FTSE 100 Component | |
| Industry | Property |
| Founded | 1920 |
| Headquarters | London,England, UK[1] |
Key people | |
| Revenue |  £749 million (2023)[2] |
| £(180) million (2023)[2] | |
| £(253) million (2023)[2] | |
| Website | www |
SEGRO plc(formerly known asSlough Estates Group) is a British property investment and development company based inLondon,England. It develops and invests in property located in theUnited KingdomandContinental Europefocusing on edge of town flexible business space. The firm switched to Real Estate Investment Trust status whenREITswere introduced in the United Kingdom in January 2007. The company is listed on theLondon Stock Exchangeand is a constituent of theFTSE 100 Index.
History
[edit]
The company was founded by SirPercival PerryandSir Noel Mobbsin 1920 asThe Slough Trading Company Ltdwith the objective of acquiring and developing the site now occupied by theSlough Trading EstateinSlough.[3]In 1926 the company changed its name toSlough Estates Ltdand in 1931 it expanded north acquiring a site inBirmingham.[3]In the 1980s it expanded rapidly buyingAllnatt PropertiesandGuildhall Propertiesin 1984,Helmlacein 1985 andBredero Propertiesin 1986.[3]In 1999 it acquiredPercy Bilton.[3]
In 2004 it sold a number of retail properties toLand Securitiesin exchange for some industrial properties.[4]It converted toReal estate investment truststatus and changed its name fromSlough Estates GrouptoSEGROin 2007.[5][6]In 2009 it acquiredBrixton plc.[7]
Operations
[edit]SEGRO owns commercial and industrial properties in the UK,France,Czech Republic,Poland,Italy,theNetherlands,Belgium,SpainandGermany.[8]The company's portfolio (including joint venture assets) was valued at £16.7 billion at 31 December 2023.[2]InParis,Segro is developing a 75,000 square metre underground logistics centre close to the city centre for the "Last Mile" of logistics.[9]
Sites include:
- East Midlands Gateway[10]
- Segro Park,Kettering[11]
- Segro Park Dagenham
- Segro Park,Perivale[12]
- Segro Park,Rainham[13]
- Slough Trading Estate[14]
References
[edit]- ^"Our Offices".Segro.Retrieved7 July2019.
- ^abcd"Annual Results 2023"(PDF).Segro.Retrieved16 February2024.
- ^abcd"Our history".Segro.Retrieved3 April2015.
- ^"Land Securities and Slough Estates agree property swap".Investegate. 15 November 2004.Retrieved3 April2015.
- ^"Annual Report 2006"(PDF).Segro.Retrieved27 February2021.
- ^"Best may be over in dash by companies to convert to REITs".The Independent.3 January 2007.Retrieved3 April2015.
- ^"Segro reaches agreement to buy struggling rival Brixton".The Times.22 June 2009.Retrieved3 April2015.[dead link]
- ^"Where we operate".Segro.Retrieved23 April2017.
- ^Rafał Ostrowski."In all shapes and sizes".The Times.Retrieved20 September2021.
- ^"One plot left at SEGRO's East Midlands Gateway scheme".Logistics Manager.7 December 2021.Retrieved15 February2022.
- ^"SEGRO submits plans for speculative mega shed in Kettering".Logistics Manager.9 April 2020.Retrieved15 February2022.
- ^"SEGRO buys in Perivale".Capital West.8 June 2021.Retrieved15 February2022.
- ^"Wanis International acquires 100,000 sq ft at SEGRO Park, Rainham".Commercial News Media.11 August 2021.Retrieved15 February2022.
- ^"Data centre drive sends Segro back to Slough".The Times.24 December 2021.Retrieved15 February2022.
External links
[edit]Further reading
[edit]- Cassell, MichaelLong Lease! The Inside Story of Slough Estates,Pencorp Books 1991
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