Segro: Its Joint Venture SELP Raises €650 Million in 7-Year Bonds at 4%
Segro announced on Tuesday the placement of a €650 million bond issue for SELP (SEGRO European Logistics Partnership), the joint venture it co-manages with the Canadian pension fund PSP Investments. This financing operation is part of the management of the continental logistics portfolio of the joint venture.
The issued bonds have a maturity of seven years and were set at 118 basis points above euro swaps, corresponding to an annual coupon of 4%. The bond is senior unsecured, reflecting the credit profile of the financing structure.
This issuance comes at a time when SELP manages a logistics asset portfolio valued at €6.8 billion as of December 31, 2025, generating an estimated annual rent of €367 million over 5.7 million square meters of leasable area.
A Pan-European Logistics Portfolio
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SELP was established in October 2013 as a 50/50 joint venture between Segro and PSP Investments. The portfolio spans eight European countries: France, Germany, Poland, Czech Republic, Belgium, Netherlands, Italy, and Spain. It combines large-scale logistics buildings, urban warehousing spaces, and data centers located near major urban centers and key transshipment points.
Segro manages the assets, properties, and developments on behalf of the joint venture, continuing its positioning as a leading continental logistics platform.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
