PropertyEU

Water company sells property arm to ProLogis

By A staff reporter 2006-11-06T00:00:00

Severn Trent, Britain's second-largest water company, has sold its property division for £71.7 mln (EUR 106.9 mln) to distribution facilities giant ProLogis Development. Birmingham-based Severn Trent, which is slimming down to focus on its core water activities, made a £35 mln aggregate profit on the deal. The portfolio includes land ...

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