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UK's Segro buys three logistics warehouses in Netherlands for $237 mln



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Adds details of transactions in paragraphs 3 and 4

June 27 (Reuters) -Britain's Segro SGRO.L has acquired three fully leased logistics warehouses in the Netherlands for 222 million euros ($237.4 million), the warehousing group said on Thursday.

The acquired assets, totalling 172,300 square metres, have a net initial yield of 4.6%, the UK-based real estate investment trust (REIT)said in a statement.

Segro said it bought the warehousesin the cities of Eindhoven, Heerlen and Tilburg through separate transactions. Allthree assets offer significant returns, the majority of which areexpected to be realised over the next four years, it added.

London-headquartered Segro, which operates in Britain and seven other European countries, said the warehouse in the Vossenberg industrial estate in Tilburg was acquired from abrdn ABDN.L, and is currently leased to Tesla TSLA.O.


($1 = 0.9352 euros)



Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema

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