SEGRO has raised £900m from a share placing to help fund its development pipeline.
The developer increased the size of the fund raise from approximately £800m to £900m thanks to “strong demand” from existing investors and potential new holders.
David Sleath (pictured), chief executive of SEGRO, said: “We appreciate the support from our investor base for this equity placing and the confidence it demonstrates in our business. In addition to the profitable growth opportunities within our development pipeline, we expect further exciting opportunities to emerge in the coming months which this additional capital will help us to deliver.”
