Segro outperformed the property sector and the wider UK stock market yesterday as takeover rumours surrounded it. Daily Telegraph. Financial Times
Segro outperformed the property sector and the wider UK stock market yesterday as takeover rumours surrounded it. Daily Telegraph. Financial Times
Shares in the industrial property group rose 1.8% to 770p in trading volumes four times the daily average.
The news of British Land's sale of shares in Meadowhall, its flagship shopping centre in Sheffield, prompted speculation that it may use the proceeds to fund a takeover of Segro.
Several privately owned industrial developers have been bought in the past 12 months.
Rosemound was recently acquired by Macquarie Goodman for £336m, while Parkridge was bought by ProLogis.