SEGRO PLC SEGRO EXITS AUSTRIA WITH SALE OF CITY PARK VIENNA
22 Junio 2020 - 1:00AM
RNS Non-Regulatory
TIDMSGRO
SEGRO PLC
22 June 2020
22 June 2020
SEGRO EXITS AUSTRIA WITH SALE OF CITY PARK VIENNA
SEGRO plc ("SEGRO") has sold City Park Vienna, comprising a
cross-dock warehouse, a recently developed urban warehouse park and
development land, to Nuveen Real Estate. The asset sold for EUR65
million, in line with December 2019 book value.
The warehouses total 20,100 sq m of space, comprising an 8,200
sq m fully let cross-dock facility and a recently completed 11,900
sq m urban warehouse scheme, which is over 40 per cent let. There
is an additional 6.1 hectares of development land with building
permits in place for a further 39,000 sq m of urban
warehousing.
This disposal successfully concludes SEGRO's presence in
Austria, in line with the Group's strategy.
SEGRO was advised by Knight Frank and Otto Immobilien.
ENDS
For further information, please contact:
SEGRO plc
Claire Mogford (Head of Investor Relations)
Tel: +44 (0) 20 7451 9048 / claire.mogford@segro.com
Lizzie Humphreys (External Communications Manager)
Tel: +44 (0) 20 7451 9129 / lizzie.humphreys@segro.com
Richard Sunderland / Claire Turvey / Eve Kirmatzis (FTI
Consulting)
Tel: +44 (0) 20 3727 1000
Notes to Editors
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading
owner, manager and developer of modern warehouses and light
industrial property. It owns or manages 7.8 million square metres
of space (84 million square feet) valued at GBP12.2 billion at 31
December 2019. Its assets are positioned strategically at locations
in the UK and across London and the South-East and Midlands
regions, while in Continental Europe it has developments in France,
Germany, Italy, Poland, Spain, The Netherlands and the Czech
Republic.
For 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses,
used primarily for regional, national and international
distribution hubs, to urban warehousing located close to major
population centres and business districts, it provides high-quality
assets that allow its customers to thrive.
See www.SEGRO.com for further information.
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END
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