UK logistics REIT Segro has completed on the remaining €185 mln of the €472 mln acquisition of a European portfolio on behalf of its joint venture with Canadian pension investor, PSP Investments.
UK logistics REIT Segro has completed on the remaining €185 mln of the €472 mln acquisition of a European portfolio on behalf of its joint venture with Canadian pension investor, PSP Investments.
The joint venture, Segro European Logistics Partnership (‘SELP’), in which both parties hold 50%, announced in February that it was acquiring a portfolio of prime logistics assets and development land in Germany, Poland and France for €472 mln.
The vendors were two funds: CCPIII, managed by Tristan Capital Partners, and EPISO, co-managed by Tristan and AEW Europe.
The total portfolio generates a net rental income of €31.6 mln.
