LONDON (ShareCast) - Segro has completed the formation of Segro European Logistics Partnership (SELP), a one billion euro logistics joint venture in Continental Europe.
The transaction was completed in partnership with the Public Sector Pension Investment Board.
David Sleath, Chief Executive of SEGRO, said: "The creation of SELP is an important step for Segro in strengthening our position as one of the leading providers of logistics space in Continental Europe.
"We are excited about the prospects for the venture and the opportunity it provides to leverage and grow our platform in this attractive and growing sector. We look forward to working closely with PSP Investments to deliver our combined vision for the business."
Shares were up 2.20p at 314.20p by 14:00 on Friday.
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