The SEGRO European Logistics Partnership was created in October 2013 as a 50:50 joint venture with a Canadian pension fund. At its inception, the portfolio injected by SEGRO comprised of c.€1bn of grade A standing logistics investments and development land. The objective of the venture was to create a leading Continental European logistics platform, initially focused on 6 geographies, namely France, Germany, Poland, Czech Republic, Belgium and Netherlands.
In the first 2 years of the JV, the portfolio has doubled in size to c €2bn and is significantly ahead of business plan. The growth has primarily been delivered through investment acquisitions into the portfolio but also by a significant development programme.
In 2015 JV also expanded its geographies with the inclusion of Spain.
At Inception in October 2013 we had 1,600,000 sq.m and by June 2015 this had grown to
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