Segro, a U.K.-based REIT, has expanded its Greater London portfolio by £100 million ($124 million) with off-market acquisitions in Dagenham and Croydon, as well as its July purchase of eight acres of land in Tottenham.
The company completed the purchase of a 64,000-square-foot warehouse unit in Dagenham, via a sale and leaseback with Kuehne + Nagel. The leading global logistics company has signed a 10-year lease on the unit, which is located on Orion Park, which adjoins the A13.
In Croydon, Segro acquired two units on Greenland Way, comprising a total of 176,556 square feet. The facilities, utilized as a data center and last-mile parcel delivery unit, are Segro’s first acquisitions in Croydon, providing a platform for potential future growth in the south London market.
These latest transactions follow Segro’s commitment to develop a new 185,000-square-foot urban logistics hub in Tottenham, north London, following the off-market acquisition of eight acres of
