SEGRO
From Wikipedia, the free encyclopedia
| SEGRO plc | |
|---|---|
 |
|
| Type | Public (LSE: SGRO) |
| Founded | 1920 |
| Headquarters |  Slough, England, UK |
| Key people | Nigel Rich, Chairman Ian Coull, CEO |
| Industry | Property |
| Revenue | £384.1 million (2006) |
| Operating income | £785.3 million (2006) |
| Net income | £919.1 million (2006) |
| Employees | 447 (2005) |
| Website | www.segro.com |
SEGRO REIT (formerly known as Slough Estates) is a property investment and development company. It develops and invests in property located in the UK, Continental Europe and the USA focusing on edge of town flexible business space. The company switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. SEGRO is listed on the London Stock Exchange.
SEGRO owns commercial and industrial properties in the UK, France, Germany, Belgium and the USA. Their original investment, Slough Trading Estate (operated by Slough Trading Estate Ltd, a subsidiary of SEGRO) is the largest trading estate in Europe under single ownership. Among sites recently acquired in the UK are ones in Bristol, Cambridge and Southampton. They have also begun one of the biggest developments in their history at the former Royal Aircraft Establishment 'factory' site at Farnborough, Hampshire.
Unlike many other property companies, which have chosen to contract out the management of their assets, SEGRO have always managed their properties directly. Until recent years, SEGRO owned a mixture of retail and industrial sites, but the company website suggests a recent tightening of focus to concentrate on industrial (and particularly distribution) sites [1].
[edit] Bibliography
- Cassell, Michael Long Lease! The Inside Story of Slough Estates, Pencorp Books 1991
