Announced
Completed
Financials
Tags
Commercial REITs
commercial real estate
Majority
Acquisition
Cross Border
Friendly
France
Public
Single Bidder
Completed
Synopsis
SEGRO, an owner, manager and developer of modern warehouses and industrial property, completed the acquisition of a 74.9% stake in Sofibus Patrimoine, which specializes in commercial real estate, for $217m. “This is a rare opportunity to significantly increase our exposure to urban warehousing in Paris which has long been a core market for SEGRO. We have got to know Sofibus well as a shareholder and member of the Board of Directors over the past two years and look forward to the next stage of growth for the Parc d’Activités des Petits Carreaux," David Sleath, SEGRO Chief Executive.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.