British REIT Segro has started a structural review that could lead to key assets being spun off into separate funds. The review is at an early stage and no decisions had been taken, the Financial Times newspaper reported, quoting an unidentified source.
British REIT Segro has started a structural review that could lead to key assets being spun off into separate funds. The review is at an early stage and no decisions had been taken, the Financial Times newspaper reported, quoting an unidentified source.
Last week, Britain's largest listed firm, Land Securities confirmed that it is conducting a 'review of its business structure'. Media reports suggested that the property major was looking at a break-up as part of a wider strategic review ordered by chairman Paul Myners because of the poor performance of the share price this year. Both Land Securities and Segro converted into real estate investment trusts at the start of 2007, but have seen their share prices fall since.
