SEGRO plc (formerly known as Slough Estates Group) is a British property investment and development company. It develops and invests in property located in the UK and Continental Europe focusing on edge of town flexible business space. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company was founded by Sir Percival Perry and Sir Noel Mobbs in 1920 as The Slough Trading Company Ltd with the objective of acquiring and developing the site now occupied by the Slough Trading Estate in Slough.[3] In 1926 the company changed its name to Slough Estates Ltd and in 1931 it expanded north acquiring a site in Birmingham.[3] In the 1980s it expanded rapidly buying Allnatt Properties and Guildhall Properties in 1984, Helmlace in 1985 and Bredero Properties in 1986.[3] In 1999 it acquired Percy Bilton.[3]
In 2004 it sold a number of retail properties to Land Securities in exchange for some industrial properties.[4] It converted to Real estate investment trust status and changed its name from Slough Estates Group to SEGRO in 2007.[5][6] In 2009 it acquired Brixton plc.[7]
Operationsedit
SEGRO owns commercial and industrial properties in the UK, France, Czech Republic, Poland, Italy, the Netherlands, Belgium, Spain and Germany.[8] The company's portfolio (including joint venture assets) was valued at £16.7 billion at 31 December 2023.[2] In Paris, Segro is developing a 75,000 square metre underground logistics centre close to the city centre for the "Last Mile" of logistics. [9]
^ abcd"Annual Results 2023" (PDF). Segro. Retrieved 16 February 2024.
^ abcd"Our history". Segro. Retrieved 3 April 2015.
^"Land Securities and Slough Estates agree property swap". Investegate. 15 November 2004. Retrieved 3 April 2015.
^"Annual Report 2006" (PDF). Segro. Retrieved 27 February 2021.
^"Best may be over in dash by companies to convert to REITs". The Independent. 3 January 2007. Retrieved 3 April 2015.
^"Segro reaches agreement to buy struggling rival Brixton". The Times. 22 June 2009. Retrieved 3 April 2015.
^"Where we operate". Segro. Retrieved 23 April 2017.
^Rafał Ostrowski. "In all shapes and sizes". The Times. Retrieved 20 September 2021.
^"One plot left at SEGRO's East Midlands Gateway scheme". Logistics Manager. 7 December 2021. Retrieved 15 February 2022.
^"SEGRO submits plans for speculative mega shed in Kettering". Logistics Manager. 9 April 2020. Retrieved 15 February 2022.
^"SEGRO buys in Perivale". Capital West. 8 June 2021. Retrieved 15 February 2022.
^"Wanis International acquires 100,000 sq ft at SEGRO Park, Rainham". Commercial News Media. 11 August 2021. Retrieved 15 February 2022.
^"Data centre drive sends Segro back to Slough". The Times. 24 December 2021. Retrieved 15 February 2022.
External linksedit
Official site
Further readingedit
Cassell, Michael Long Lease! The Inside Story of Slough Estates, Pencorp Books 1991
April 15, 2024
segro, segro, formerly, known, slough, estates, group, british, property, investment, development, company, develops, invests, property, located, continental, europe, focusing, edge, town, flexible, business, space, firm, switched, real, estate, investment, tr. SEGRO plc formerly known as Slough Estates Group is a British property investment and development company It develops and invests in property located in the UK and Continental Europe focusing on edge of town flexible business space The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007 The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index SEGRO plcCompany typePublicTraded asLSE SGROFTSE 100 ComponentIndustryPropertyFounded1920HeadquartersLondon England UK 1 Key peopleGerald Corbett chair person David Sleath CEO Revenue 749 million 2023 2 Operating income 180 million 2023 2 Net income 253 million 2023 2 Websitewww wbr segro wbr com Contents 1 History 2 Operations 3 References 4 External links 5 Further readingHistory edit nbsp A sign at the Slough Trading EstateThe company was founded by Sir Percival Perry and Sir Noel Mobbs in 1920 as The Slough Trading Company Ltd with the objective of acquiring and developing the site now occupied by the Slough Trading Estate in Slough 3 In 1926 the company changed its name to Slough Estates Ltd and in 1931 it expanded north acquiring a site in Birmingham 3 In the 1980s it expanded rapidly buying Allnatt Properties and Guildhall Properties in 1984 Helmlace in 1985 and Bredero Properties in 1986 3 In 1999 it acquired Percy Bilton 3 In 2004 it sold a number of retail properties to Land Securities in exchange for some industrial properties 4 It converted to Real estate investment trust status and changed its name from Slough Estates Group to SEGRO in 2007 5 6 In 2009 it acquired Brixton plc 7 Operations editSEGRO owns commercial and industrial properties in the UK France Czech Republic Poland Italy the Netherlands Belgium Spain and Germany 8 The company s portfolio including joint venture assets was valued at 16 7 billion at 31 December 2023 2 In Paris Segro is developing a 75 000 square metre underground logistics centre close to the city centre for the Last Mile of logistics 9 Sites include East Midlands Gateway 10 Segro Park Kettering 11 Segro Park Dagenham Segro Park Perivale 12 Segro Park Rainham 13 Slough Trading Estate 14 References edit Our Offices Segro Retrieved 7 July 2019 a b c d Annual Results 2023 PDF Segro Retrieved 16 February 2024 a b c d Our history Segro Retrieved 3 April 2015 Land Securities and Slough Estates agree property swap Investegate 15 November 2004 Retrieved 3 April 2015 Annual Report 2006 PDF Segro Retrieved 27 February 2021 Best may be over in dash by companies to convert to REITs The Independent 3 January 2007 Retrieved 3 April 2015 Segro reaches agreement to buy struggling rival Brixton The Times 22 June 2009 Retrieved 3 April 2015 Where we operate Segro Retrieved 23 April 2017 Rafal Ostrowski In all shapes and sizes The Times Retrieved 20 September 2021 One plot left at SEGRO s East Midlands Gateway scheme Logistics Manager 7 December 2021 Retrieved 15 February 2022 SEGRO submits plans for speculative mega shed in Kettering Logistics Manager 9 April 2020 Retrieved 15 February 2022 SEGRO buys in Perivale Capital West 8 June 2021 Retrieved 15 February 2022 Wanis International acquires 100 000 sq ft at SEGRO Park Rainham Commercial News Media 11 August 2021 Retrieved 15 February 2022 Data centre drive sends Segro back to Slough The Times 24 December 2021 Retrieved 15 February 2022 External links editOfficial siteFurther reading editCassell Michael Long Lease The Inside Story of Slough Estates Pencorp Books 1991 Retrieved from https en wikipedia org w index php title Segro amp oldid 1208200226, wikipedia, wiki, book, books, library,
