SEGRO in talks to form joint venture with Canada’s Public Sector Pension Investment Board (EU/CA)

SEGRO plc today confirmed the recent press speculation regarding the potential formation of a joint venture in connection with SEGRO's Continental European logistics portfolio.

SEGRO confirmed that it is in advanced discussions with Public Sector Pension Investment Board regarding the contribution of the bulk of SEGRO's Continental European logistics portfolio to seed a joint venture.

SEGRO would manage the venture and would retain a 50% stake with the intention to grow the venture over time.

Further details will be announced at a later date.

Source: Segro

Related News