PropertyEU

Segro buys 50% of BAA's Airport Property Partnership

By A staff reporter 2010-04-28T00:00:00

Segro, the UK-based provider of flexible business space, has announced the acquistion of BAA's 50% interest in the Airport Property Partnership (APP) for £111.3 mln (EUR 128 mln) in cash. APP is a 50/50 joint venture with Aviva Investors, focused on airport-related industrial assets in and around major UK airports.

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