London and Paris-listed Segro has become the leading industrial property REIT in Europe following the completion of the takeover of Brixton on Tuesday. The combined group has EUR 6.4 bn of property under management.
London and Paris-listed Segro has become the leading industrial property REIT in Europe following the completion of the takeover of Brixton on Tuesday. The combined group has EUR 6.4 bn of property under management.
Brixton's portfolio is UK-based, while Segro is active in both the UK and nine other European countries,
Trading in Brixton shares on the London Stock Exchange's main market was cancelled on Tuesday ahead of the delisting of the company's shares. Meanwhile a total of 47.5 consideration shares issued by Segro on Monday to Brixton shareholders were admitted to the official list of the UK Listing Authority.
As part of the takeover, Brixton CEO Peter Dawson and directors Steven Owen and Steven Lee have stepped down and been replaced by Segro CEO Ian Coull and Segro directors David Sleath and Ian Sutcliffe.
* The September edition of PropertyEU Magazine features an interview with Ian Coull.
