SEGRO completed the acquisition of a 74.9% stake in Sofibus Patrimoine for $217m.

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.