SEGRO to acquire Tritax EuroBox for £1.1bn.

SEGRO, a British property investment and development company based in London, agreed to acquire Tritax EuroBox, a property company investing in distribution centres across Europe, for £1.1bn. "This transaction offers the opportunity to acquire a high quality portfolio of big box warehouses in core European markets which would complement and enhance our existing assets. The management of the portfolio will be internalised on completion, taking advantage of economies of scale from our existing, locally-based operating platform," David Sleath, SEGRO CEO.