SEGRO buys stake in Sofibus Patrimoine

SEGRO buys stake in Sofibus Patrimoine – SEGRO plc, through its subsidiary SEGRO France has acquired 19.39 per cent of the share capital of Sofibus Patrimoine from Harwanne Compagnie de Participations Industrielles et Financières for EUR20.5 million. The price is in line with the average share price over the past three months.

Sofibus is a French property company listed on Euronext Paris with real estate assets valued at EUR190 million as at 30 September 2017. Its largest holding, representing a significant proportion of assets under management, comprises 127,000 sq m of properties within Le Parc d’Activités des Petits Carreaux, a 150,000 sq m industrial estate located approximately 15 kilometres south east of Paris.

The acquisition was financed using SEGRO’s internal resources.

Sofibus say that the site has more than 30% of its area reserved for green areas making it particularly pleasant and friendly. Located in Bonneuil-sur-Marne and Sucy-en-Brie, the Petit Carreaux Activity Park is very well served by public transport, in the heart of a motorway junction.

The benefits that they highlight are:

  • very high speed rail connections,
  • on site maintenance service,
  • garbage collection,
  • concierge,
  • restaurants and company restaurants,
  • hotel,
  • occupational medicine.

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.3 million square metres (68 million square feet) of space valued at over GBP8 billion, serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.

SGRO : SEGRO buys stake in Sofibus Patrimoine

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