REG - SEGRO PLC - SELP JV PRICES €500 MILLION 3.875% UNSECURED BONDS

SEGROAnnouncement

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RNS Number : 4785A  SEGRO PLC  15 April 2026

 

 

 

15 April 2026

 

 

SELP JOINT VENTURE PRICES €500 MILLION 3.875 PER CENT UNSECURED BONDS

SEGRO plc ("SEGRO"), in its role as venture adviser to the SEGRO European
Logistics Partnership ('SELP') joint venture, announces the pricing of a
€500 million senior unsecured bond issue for SELP. The bonds have a
five-year term and have been priced at 105 basis points above euro mid-swaps,
equating to an annual coupon of 3.875 per cent. The bond issue was more than
ten times covered at peak.

ENDS

For further information, please contact:

Claire Mogford (Head of Investor Relations)

+44 (0) 20 7451 9048 / claire.mogford@segro.com

 

Gary Gaskarth (External Communications Manager)

+44 (0) 20 7451 9069 / gary.gaskarth@segro.com

 

Richard Sunderland / Eve Kirmatzis (FTI Consulting)

Tel: +44 (0) 20 3727 1000

 

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock
Exchange and Euronext Paris, and is a leading owner, manager and developer of
modern warehouses and industrial property. It owns or manages 10.9 million
square metres of space (117 million square feet) valued at £22.0 billion as
at 31 December 2025, 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 seven other European countries.

For over 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses, used primarily
for regional, national and international distribution hubs, to urban
warehousing (including data centres) located close to major population centres
and business districts, it provides high-quality assets that allow its
customers to thrive.

A commitment to be a force for societal and environmental good is integral to
SEGRO's purpose and strategy. Its Responsible SEGRO framework focuses on three
long-term priorities where the company believes it can make the greatest
impact: Championing Low-Carbon Growth, Investing in Local Communities and
Environments and Nurturing Talent. See www.SEGRO.com for further information.

About SELP

The SEGRO European Logistics Partnership (SELP) was created in October 2013 as
a 50:50 joint venture between SEGRO and PSP Investments, the Canadian pension
fund. At its inception, the portfolio injected

by SEGRO comprised approximately €1 billion of grade A standing logistics
investments and development land. The objective of the venture was to create a
leading Continental European logistics platform, initially focused on six
geographies, namely France, Germany, Poland, Czech Republic, Belgium and
Netherlands.

Since then, SELP has also invested in big box warehouses in Italy and Spain
and a combination of acquisitions, development and capital value growth means
that, at 31 December 2025, the portfolio was valued at €6.8 billion and
generated €367 million of annualised headline rent across 5.7 million square
metres of lettable area.

SEGRO acts as asset, property and development manager for SELP.

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