Segro To Start Speculative Developments, To Invest In Europe
25 2월 2010 - 5:59PM
Dow Jones News
Europe's largest industrial landlord Segro PLC (SGRO.LN) is
planning to start speculative developments this year and expects
more investment opportunities in Europe than in the U.K., Chief
Executive Ian Coull said on Thursday.
Coull told reporters on a conference call that he won't start
speculative developments unless there is a shortage in an area, but
that he expects one or two opportunities to emerge in the course of
the year.
He added, he expects more investment opportunities to emerge in
Europe and said he will be replacing European director Ines
Reinmann, who departed in January, this year.
Coull said he doesn't have a spending plan for the year and that
if suitable opportunities don't arise, he won't invest. He said
capital deployed could be in the range of GBP100 million and GBP250
million.
The CEO confirmed that the company plans to reduce vacancy rates
in the Brixton portfolio to 15% over a three year period and is on
track to achieve that.
-By Anita Likus, Dow Jones Newswires; +44 20 7842 9407;
anita.likus@dowjones.com
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