Source - SMW
SEGRO has raised £325m, gross, after the successful completion of a placing of 74,770,950 million new ordinary shares at 435p apiece. 

The placing shares represent approximately 9.9% of the issued ordinary share capital.

Separately, SEGRO said occupational demand for modern, well-located warehouse space has continued to be strong over the past two months, since UK's non-binding Brexit referendum result. It also announced a £340m placing.

Chief executive  David Sleath said: "Although it is too early to assess the longer term impact of the UK vote to leave the EU, it has not yet had a material impact on our operating business.

"Our vacancy rate remains low and we have seen further net absorption of existing space.

"In addition, since 30 June 2016, we have signed unconditional pre-let agreements for 188,600 sq m of space across Europe which will generate £6 million of new annualised headline rent and the pipeline of near-term opportunities remains encouraging.

"There has been limited investment transactional activity in the warehouse sector in what is traditionally a quiet period, although we have exchanged contracts to dispose of an industrial estate near Heathrow for a small premium to book value at 30 June 2016 to an international investor, demonstrating continued investment demand for the asset class."     At 1:04pm: (LON:SGRO) Segro share price was -11.35p at 443.85p

Related Charts

Segro (SGRO)

0.00 (0.00%)
delayed 18:15PM