Real estate firm Segro plans to raise £800m for growth opportunities, including potential acquisitions and development projects, through a share placing and retail offer.

Real estate firm Segro plans to raise £800m ($1bn) through a share placing and retail offer, issuing shares at 10p each compared to the closing price of 849p. The funds will be used for growth opportunities, including potential acquisitions and new or existing development projects. The move comes amid high demand for warehouses and logistics facilities, driven by online retail and data center growth.

February 27, 2024
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