Segro bags Park Royal warehouse

by Jim Dunton Wed 25 September 2013, 4:13 pm

Light-industrial developer Segro has acquired a distribution warehouse at One Abbey Road in Park Royal as part of a business-premises swap with Legal & General Property.

The firm said that it had paid £15.3 million for the warehouse, while Legal & General Property (LGP) had purchased three multi-let industiral estates in Barking, Park Royal, and Tottenham for £30.3 million.

Segro said that LGP had had agreed to pay it £15 million under the arrangements.

CBRE advised Legal & General and DTRE represented Segro.

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