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SEGRO PLC (SGRO.L)

SGRO.L on London Stock Exchange

562.00GBp
12 Dec 2017
Change (% chg)

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562.00
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2,530,797
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564.50
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412.15

Latest Key Developments (Source: Significant Developments)

SEGRO ‍announces launch and pricing of 8 year, 500 mln euro senior unsecured bond issue for SELP​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Segro Plc :‍announces launch and pricing of an 8 year, eur 500 million (£442 million) senior unsecured bond issue for selp​.bonds were priced at 95 basis points above euro mid-swaps and have an annual coupon of 1.5 per cent​.‍proceeds of issue will principally be used to prepay existing bank borrowings, including certain secured facilities​.  Full Article

Segro says new headline rent ‍contracted in Q3 was 8.8 mln stg
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Segro Plc ::SEGRO PLC - Q3 NEW HEADLINE RENT ‍CONTRACTED £8.8 MILLION VERSUS 13.5 MILLION STG , INCLUDING £3.8 MILLION IN RENT FROM EXISTING SPACE​.SEGRO PLC - Q3 VACANCY RATE OF 4.1 PERCENT VERSUS 5.7 PERCENT YEAR AGO.SEGRO PLC - ‍NET DEBT (INCLUDING OUR SHARE OF DEBT IN JOINT VENTURES) AT 30 SEPTEMBER 2017 WAS £2.3 BILLION​.SEGRO PLC - ‍LOOK-THROUGH LOAN TO VALUE (LTV) RATIO AT 30 SEPTEMBER 2017 WAS 31 PER CENT​.SEGRO PLC - ‍DURING Q3, WE INVESTED £17 MILLION IN FOUR LAND ACQUISITIONS FOR FUTURE DEVELOPMENT IN UK, ITALY AND SPAIN​.  Full Article

Segro raises 325 mln stg via share placing
Friday, 2 Sep 2016 

Segro Plc : Results of placing . Total of 74.8 mln new ordinary shares in company have been placed by Merrill Lynch International and UBS Limited . Says price of 435 pence per placing share, raising total gross proceeds of approximately 325 mln stg for company . Placing shares being issued represent approximately 9.9 per cent of issued ordinary share capital of Segro .BofA Merrill Lynch and UBS are acting as joint bookrunners and corporate brokers in respect of placing.  Full Article

Orders below 435p risk missing trade on Segro's fundraising- bookrunnner
Friday, 2 Sep 2016 

Segro Plc : Orders below 435p risk missing trade on fundraising, books will close at 10.15am UKT - bookrunner Further company coverage: [SGRO.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Price guidance of 430p-435p for Segro fundraising books- bookrunner
Friday, 2 Sep 2016 

Bookrunner: Price guidance of 430p-435p for Segro fundraising books - bookrunner . Books Covered Throughout The Range, Likely To Close At Short Notice This Morning - bookrunner Further company coverage: [SGRO.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

SEGRO says Brexit has not yet had a material impact on operating business
Friday, 2 Sep 2016 

Segro Plc : SEGRO Plc today publishes a trading update for period since 30 june 2016 . "Occupational demand for modern, well-located warehouse space has continued to be strong over past two months." . Although it is too early to assess longer term impact of UK vote to leave EU, it has not yet had a material impact on our operating business . Our vacancy rate remains low and we have seen further net absorption of existing space . In addition, since 30 June 2016, we have signed unconditional pre-let agreements for 188,600 sq m of space across Europe which will generate 6.0 million stg of new annualised headline rent . "There has been limited investment transactional activity in warehouse sector in what is traditionally a quiet period" . Continuing positive leasing trend seen in first half of 2016, we contracted 9.9 million stg of new rent during period since 30 June 2016 . Vacancy rate has remained stable since 30 June 2016 at 4.8 per cent reflecting completion of speculative space not yet let during period . Ents are continuing to improve in our UK markets, especially in London and South East England. . In calendar year to 25 August 2016, new rents on review and renewal were 4.8 per cent higher in UK . We expect to make further disposals over coming year which will provide funds for investment.  Full Article

Segro's fundraising books are now covered, pricing guidance to follow - bookrunner
Friday, 2 Sep 2016 

Bookrunner: Segro's fundraising books are now covered, pricing guidance to follow - bookrunner Further company coverage: [SGRO.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Segro agrees to sell an industrial estate in west London
Friday, 26 Aug 2016 

Segro Plc : Disposal .Agrees sale of industrial estate in Heston for 79.5 mln stg.  Full Article

Segro Plc appoints Soumen Das as CFO
Tuesday, 26 Jul 2016 

Segro Plc : Has appointed Soumen Das as its chief financial officer .Das is expected to join company and board in new year and will succeed Justin Read who will retire at end of 2016.  Full Article

Segro sells a portfolio to Segro European Logistics Partnership JV
Wednesday, 15 Jun 2016 

Segro Plc : Segro transfer into SELP joint venture . Sold a portfolio of big box warehouses and development land in Italy, Czech Republic and Poland to Segro European Logistics Partnership JV .Deal for eur 89.4 million (£71.0 million).  Full Article

BRIEF-SEGRO ‍announces launch and pricing of 8 year, 500 mln euro senior unsecured bond issue for SELP​

* ‍announces launch and pricing of an 8 year, eur 500 million (£442 million) senior unsecured bond issue for selp​