Segro, 04.09.2012

SEGRO acquires Ozarow Business Centre

SEGRO, Europe's leading owner-manager and developer of industrial property, has completed the acquisition of Ozarow Business Centre, a logistics park in Warsaw, for Euro 14.1 million, from the Endurance Real Estate Fund, managed by ORCO Property Group S.A.

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The 36,600 sq m estate comprises four standalone buildings, providing a range of accommodation suitable for logistics or light industrial usage. It is located in Ozarow, 16 km from Warsaw city centre and adjacent to the new A2 highway (Warsaw - Poznan- Berlin). The park is currently occupied by both multinationals and leading Polish companies including CAT, Joanna, Nowa Era and TP Link.

This transaction will enhance SEGRO's position in Warsaw, the largest logistics market in Central Europe, and will increase the company's critical mass in the region to almost 90,000 sq m of existing space, with development potential for a further 80,000 sq m at Tulipan Park Warsaw.

Commenting on the acquisition, Bozena Krawczyk, SEGRO's Investment Director Central Europe, said: "This acquisition is further evidence of our strategy to recycle capital into the logistics sector across key transportation corridors in our prime markets. With the proven expertise of our local management team we will be able to further enhance the performance of this asset, as well as build on our presence in Warsaw."

The seller is Endurance Real Estate Fund, a Luxembourg-regulated closed-end fund organized as an umbrella fund with sub funds focused on real estate acquisitions on commercial and residential markets in Central Europe. Endurance Fund is managed by Orco Property Group SA, an investor, developer and asset manager on real estate and hospitality markets. Operating in Central Europe since 1991, Orco Property Group, based in Luxembourg, is a public company listed on the Paris Stock Exchange Euronext and on the Prague and Warsaw Stock Exchanges.

SEGRO was advised by Jones Lang LaSalle, HoganLovells, KPMG and Hill International.

Sławomir Jedrzejewski, Associate Director at Jones Lang LaSalle commented: "This investment forms part of SEGRO's plans to grow its business in its key markets and we are pleased to have advised them on this transaction. We look forward to working with SEGRO again on future projects."

Endurance Fund was advised by Cushman & Wakefield and Salans.

"Ozarow Business Center is a modern scheme located in an attractive location. It is a good investment product providing a stable income stream from existing leases" - said Piotr Szmilewski, Senior Surveyor at Capital Market Group of Cushman & Wakefield.

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W celu uzyskania dodatkowych informacji prosimy o kontakt:

SEGRO
Agnieszka Sabat
+48 32 603 03 00,

Partner of Promotion
Anna Lipińska
+48 22 858 74 58 wew. 81

Partner of Promotion
Jarosław Zakrzewski
+48 22 858 74 58 wew. 68

O SEGRO:

SEGRO, spółka o statusie firmy Real Estate Investment Trust (”REIT”), jest wiodącym właścicielem, zarządcą i deweloperem nowoczesnych powierzchni magazynowych oraz produkcyjnych. Spółka jest właścicielem lub zarządcą portfela nieruchomości obejmującego 6,3 mln m² o wartości ponad 8 mld funtów. Spółka świadczy swoje usługi klientom z różnych sektorów przemysłu. Nieruchomości firmy skoncentrowane są w obrębie kluczowych aglomeracji i węzłów transportowych w dziesięciu krajach Europy, głównie w Wielkiej Brytanii, Francji, Niemczech i Polsce.

Spółka rozpoczęła swoją działalność w Europie Centralnej na początku 2006 roku. Obecnie deweloper prowadzi inwestycje w takich strategicznych lokalizacjach jak: Gdańsk, Gliwice, Łódź, Poznań, Praga, Stryków, Tychy, Warszawa i Wrocław.

Więcej informacji: www.segro.com/pl