SEGRO plc
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SEGRO plc (LSE:SGRO) is a UK based Real Estate Investment Trust or UK-REIT holding various kinds of business properties in ten European countries. It's a commercial property investment and development company with office buildings, light industrial, logistics, warehouses and datacentre properties. They currently own 5.9 square meters of property worth 5.3 billion pounds. They're also listed on the Euronext in Paris.
SEGRO started out in 1921 when Sir Percival Perry (later Lord Perry) and Noel Mobbs (later Sir Noel Mobbs) led a syndicate of businessmen to form the The Slough Trading Company Ltd, and acquired the 243-hectare site on the Bath Road at Slough. They became a REIT as of January 1, 2007 when the British law creating Real Estate Investment Trusts went into effect. Now they're one of the largest in the world. Ian Coull is Chief Executive
SEGRO plc considers flex as its core business. They lease between 1,000 and 50,000 square feet to such businesses as data centers, light industrial manufacturing, and light industrial production. Their properties are located in suburban areas outside of major cities, frequently close to airports.
SEGRO Says Data Centers are Their Fastest Growing Segment
Their fastest growing segment are data centers, which run from 50,000 to 100,000 square feet, and leases typically are for fifteen years.
They have not added office space to their portfolio for a few years -- it's a small part of their business. They are in the logistics market.
They're located in the United Kingdom, Poland, Hungary, Czech Republic, France, Italy, Belgium, Germany, The Netherlands, and Spain. In 2009 they bought out another office/industrial REIT Brixton (LSE:BXTN), which had been the U.K.'s second largest industrial real estate company and their main competitor.
At that time, Brixton had a high vacancy rate of 22%. They believe they can drive a lot earnings growth by finding lots of new tenants.
SEGRO plc is One of the Largest REITs in the World
Their property portfolio includes: Slough Trading Estate; Winnersh Triangle, Reading; Premier Park, Park Royal; Heywood Distribution Park, Manchester; Trafford Park, Manchester; Greenford Park, Greenford; North Feltham Trading Estate, Feltham; Crawley; Metropolitan Park, Greenford; West Cross Industrial Park, Brentford; Portsmouth; Kings Norton Business Centre, Birmingham; Farnborough; Kingsland Business Park, Basingstoke; Heston Centre, Heston; Ventura Park, Radlett; Parkbury, Radlet; Heathrow Estate, Heathrow; X2, Heathrow; Westway Estate, Park Royal; Brentford West Cross Industrial Park; Colnbrook Blackthorn Road; Colnbrook Horton Road 1; Colnbrook Willow Road 1; Feltham North Feltham Trading Estate 15; Feltham 755 Forest Road 3; Feltham Corporate Centre; Fetham Vector-Pk/Browells Ln; Hayes Chesterfield Way 4; Hayes Trinity Trading Estate 2; Heathrow Causeway Estate 1; Heathrow Fairway Trading Estate 2; Heathrow Heathrow International Trading Estate 5; Heathrow Jupiter House Horton Road 1; Heathrow Mercury Centre 1; Heathrow Polar Park 4; Heathrow Poyle 14 4; Heathrow Riverside Cargo Centre 1; Heathrow Space Waye 5; Heathrow The Heathrow Estate 5; Heathrow Unit 6 Horton Road 1; Heathrow X2; Heston Heston Centre & Airlinks 10; Hounslow Pulborough Way 4; West Drayton Stockley Close 4; West Drayton Stone Road 3; Barking Gascoigne Road 3; Edmonton Advent Way 2; Enfield Morson Road, Ponders End 5;Enfield Great Cambridge Industrial Estate 4; Ilford Anderson Road Industrial Estate 1; London N4 Crusader Industrial Estate 2; London SW19 Merton, Nelson Trade Park 2; London E14 Blackwall Trading Estate 0; London SE8 Deptford Trading Estate 2; London SE8 New Cross Business Centre 0; London N17 Compass West Industrial Estate 1; Radlett Parkbury 11; Radlett Ventura Park; Rainham Thames View Business Centre 2; Sunbury Brooklands Close 3; Swanley Teardrop Centre 1 – 6; Uxbridge Riverside Way 7; West Thurrock J31 Park 5; Greenford Fairways Industrial Estate 5; Greenford Greenford Park; Greenford Metropolitan Park 14; Greenford Rockware Avenue 7; London NW10 Bush Industrial Estate 1; London NW10 Frogmore Industrial Estate 2 – 9; London NW10 Tudor Estate 4 – 12; London NW10 26/28 Chase Road 1 – 6; London NW10 Oakwood Business Park 1; London NW10 Premier Park; London NW10 Origin (ex Guinness Brewery Site) 10; London W3 Acton, Westway Estate 6; London W3 Acton Park Estate 4; London W3 Victoria Industrial Estate 4; Wembley Northfields Industrial Estate 10; Camberley Watchmoor Park 1; Portsmouth Voyager Park 1; West Thurrock J31 Park 1; Colnbrook Logistics Centre 50%; Heathrow Corporate Park 50%; and Slough Axis Park.
More properties: Aachen, Alzenau, Braunschweig, Berlin Neukölln, Segro Berlin, DARMSTADT, Essen, FLÖRSHEIM, FFM Silostrasse, SEGRO Rhein Main, GREVENBROICH- KAPELLEN, SEGRO Krefeld, West Airport Düsseldorf, Airportpark, Logistikcenter Mönchengladbach, Neuss, Aéropark Gonesse, Aulnay sous Bois, Carré des Aviateurs, Blanc - Mesnil, Parc des Damiers La Courneuve, Les Ulis, Centralspace Marly la Ville, Velilla de San Antonio, Torrejón de Ardoz, Zaragoza, Valencia, Sevilla, Alicante, Bornem, DIEGEM, Kontich, Rumst, ZAVENTEM, Zellik, HOOFDDORP-HAARLEMMERMEER, Aerozone Logistics Park, Ozone Business Park, Vimercate in Italy, PRAGUE, OSTRAVA, GLIWICE, LODZ, POZNAN, STRYKOW, and WARSAW.
Therefore, SEGRO is well-positioned to profit from economic activity throughout Europe, especially in the United Kingdom.
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