SEGRO plc has acquired the 50 per cent interest in the Airport Property Partnership joint venture it does not already own for £365 million. The vendor is Aviva Investors, which acted on behalf of its clients. The consideration for the transaction comprises £216 million of cash and the disposal to Aviva Investors of £149 million …
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Segro’s APP sells Gatwick International Distribution Centre for £31 mln
SEGRO and Aviva Investors’ Airport Property Partnership (APP) , the 50-50 joint venture , has sold the Gatwick International Distribution Centre (‘GIDC’) for £31.0 million to Royal London Asset Management. GIDC, a 29 unit industrial estate which was largely constructed during the 1980s, is located in Crawley, approximately two miles south of Gatwick Airport. It …
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