Legal & General and SEGRO complete swap

SEGRO and Legal & General Property have completed a swap of industrial property.

SEGRO has acquired a distribution warehouse at One Abbey Road in Park Royal for £15.3 million, while Legal & General has purchased a portfolio of three multi-let industrial estates in Barking, Park Royal and Tottenham, for £30.3 million, on behalf of its Linked Pensions Fund.

As part of the property swap, LGP agreed to pay SEGRO £15.0 million.

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