Segro has received an 86.53% take-up for its placing and open offer to raise £250m to fund the purchase of Brixton, its rival. The remaining 13.47% will be allocated to investors.
Segro has completed the biggest property company takeover of the downturn so far and successfully bought its industrial rival REIT, Brixton.
Frasers Property has acquired Lakeshore in Bedfont Lakes Business Park for £135m.
Rockwell and FirethornTrust have secured planning for their redevelopment of Quay House in Canary Wharf.
Lord Deben urges sector to ‘come to battle not with problems but solutions’
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