UK REIT Segro and Legal & General Property (LGP) have completed a swap of industrial assets located in the Greater London area.
UK REIT Segro and Legal & General Property (LGP) have completed a swap of industrial assets located in the Greater London area.
The deal sees Segro acquire a distribution warehouse in the Park Royal district of the UK capital for £15.3 mln (€18.2 mln).
LGP has acquired a portfolio of three multi-let industrial estates in the Barking, Park Royal and Tottenham districts for a combined price of £30.3 mln (€36 mln). As part of the property swap, LGP agreed to pay Segro £15 mln (€17.8 mln).
CBRE advised LGP on the transaction. Segro was represented by DTRE.
