Segro is in negotiations to increase its portfolio in Spain

Segro is in negotiations to increase its portfolio in Spain

This operation is being carried out by joint venture SEGRO European Logistics Partnership (SELP) – which was created in 2013 together with Canadian pension fund Public Sector Pension Investment Board (PSP) – which should grow even further with the acquisition of 3 units in Madrid (San Fernando, Villaverde, Paracuellos) and 4 in Barcelona (Terrasa, Palau, Viladecans, Cerdanyola and Polinya), as revealed by the newspaper El Economista this Monday.

This vehicle from Segro, sought «to create a leading Continental European logistics platform, initially focused on six geographies, namely France, Germany, Poland, Czech Republic, Belgium and Netherlands», revealed the company on its official webpage, but «since then, SELP has also invested in big-box warehouses in Italy and Spain».

According to its latest report, SELP closed last year with a portfolio estimated at 4.480 million euro, of which 29% was allocated to Germany, 21% to Poland, 20% to France, 15% to Italy, 6% to Holland and 4% to the Czech Republic. At this point, Spain represented only 4% with 215 million euro.

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