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SEGRO exits Belgium after SELP JV’s sale of four big box warehouses for €83.4m

SEGRO has sold four big box warehouses and adjacent development land in Belgium to Tritax EuroBox for €83.4m, on behalf of SEGRO European Logistics Partnership (SELP), its 50:50 joint venture with Public Sector Pension Investment Board, the Canadian pension fund.
By James Wallace
October 26, 2018 | 12:30 P.M.

The disposal marks SEGRO and SELP’s exit from Belgium, at a modest premium to book value, in line with the REIT’s strategy to exit markets where it does not have, or does not expect to achieve, a scale position.

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News | SEGRO exits Belgium after SELP JV’s sale of four big box warehouses for €83.4m