Schroders plc (LSE:SDR) acquired Portfolio of UK big box and urban assets from SEGRO Plc (LSE:SGRO) for approximately £210 million on October 4, 2021. Under the terms, Schroders swap 256,000 sq ft urban warehouse estate in West London for approximately £140 million and paid the balance of £65 million to SEGRO. In a related transaction, SEGRO Plc acquired 256,000 sq ft urban warehouse estate in West London from Schroders plc for approximately £140 million on October 4, 2021. Portfolio generated annual rental income of £7.5 million. Montagu Evans advised SEGRO and Gerald Eve acted on behalf of Schroders. Eversheds Sutherland acted as legal advisor to SEGRO Plc.

Schroders plc (LSE:SDR) completed the acquisition of Portfolio of UK big box and urban assets from SEGRO Plc (LSE:SGRO) for approximately £210 million on October 4, 2021.