January 07, 2008
Completion of Sale of SEGRO’s Power Generation Plant in Slough to Scottish and Southern Energy Plc
SEGRO plc, the leading provider of Flexible Business Space in Europe, today confirms the completion of the sale of its interests in the power generation operation in Slough (Slough Heat & Power - “SH&P”) to Scottish and Southern Energy plc (“SSE”), one of the largest energy companies in the UK. This proposed transaction was announced on 14 November 2007.
The sale was completed on 31st December 2007 for a total cash consideration of £49.25m.
SEGRO was advised on this transaction by KPMG Corporate Finance and by Nabarro.
|
For SEGRO Investors/Analysts and Corporate Media Contacts |
|
SEGRO |
+44 1753 21 3335 |
Michael Waring |
|
Maitland |
+44 20 7379 5151 |
Colin Browne |
|
For Slough Trading Estate and Slough area Media Contacts |
|
FD Tamesis |
+ 44 20 7269 9360 |
Vicky Wallin |
About SEGRO
SEGRO is the leading provider of Flexible Business Space in Europe. Headquartered in the UK, SEGRO is listed on the London Stock Exchange and on Euronext in Paris. The company is a UK Real Estate Investment Trust (“REIT”) with operations in ten countries (it completed the exit from its US business in August 2007), serving a diversified customer base of over 1,600 customers operating in a wide range of sectors, representing both small and large businesses, from start ups to global corporations. With investment property assets of £5.1 billion (including trading properties and development assets) and 3.9 million sq m of business space, SEGRO has an average lease length to expiry of 8.6 years and an annual rental income is excess of £200m. www.segro.com
Please click here for the full press release in PDF format.