Segro Plc has agreed to purchase a property portfolio worth €470 million ($500 million) from Tritax EuroBox Plc, which was recently acquired by Brookfield Asset Management.
This acquisition represents around 31% of Tritax's total gross asset value, which is €1.5 billion. The transaction highlights Segro's strategic expansion in the warehouse sector, solidifying its position as a leading landlord in the logistics real estate market.
The deal is expected to enhance Segro's portfolio and align with its growth objectives in the European market.