Segro pounces on Tritax Eurobox with all-share £552m offer Property The London-listed warehouse giant Segro has made an offer for its smaller peer, Tritax Eurobox. Sergo and Tritax Eurobox announced this morning they had reached an agreement on the terms of a recommended all-share offer by Sergo for the entire issued and to be issued share capital of Tritax Eurobox. Segro has agreed to pay [...]
Segro hikes rents and eyes expansion following fundraising property In the first three months of 2024, the real estate investment trust invested £99m in new developments, with £600m total expected to be spent throughout the year, it said in a trading update.
Segro looks to lift rents 50 per cent in next three years as warehouse demand continues to grow warehouses The company's boss, David Sleath, made these comments alongside its full-year numbers, which showed a 12.5 per cent jump in rental income.