Weekly data sheet: Investors flock to buy Segro long-term bond

A chance to invest in logistics specialist Segro - and receive a 5.125% return - saw the REIT’s senior unsecured bond issue almost six times oversubscribed.

 The 19-year, senior unsecured paper is Segro’s first Sterling bond issuance since 2017, and CFO Soumen Das commented that the £350 mln raised ‘provides valuable, long-duration liquidity to fund our development pipeline.’

Brookfield tied up the largest transaction of the week with its approximately SEK9.2 bn (€885 mln) in cash up front, plus up to circa SEK 1.2 bn in cash through earn-outs, to buy a stake of 49% in 585 Nordic educational properties from SBB.
Listed SBB has seen its value crash by 70% this year.  Brookfield made its move through its Infrastructure Partners fund.

Milan-based Coima led a €180 mln acquisition there, completing the purchase of the former Scalo di Porta Romana area. The Italian city’s real estate investment market has held up better than most this year.

We also track assets on the market, assets pulled from the market and three new funds, as well as six more new financings.

Click here to access all the data.

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