2010

24 December 2010
SEGRO completes the disposal of the Treforest Industrial Estate near Cardiff to Hansteen Property Unit Trust (HPUT) 33% owned and managed by Hansteen Holdings PLC for a total consideration of £27.7 m.

16 December 2010
SEGRO announces that David Sleath will be appointed Chief Executive in succession to Ian Coull, who will retire from the Board following the AGM on 28 April 2011. David Sleath is currently Group Finance Director, a position he has held since 1st January 2006.

13 December 2010
SEGRO completes the sale of the Westcore Industrial Portfolio to leading fund manager Hermes Real Estate, acting on behalf of the British Telecom Pension Scheme, for a total consideration of £79.25 million.

22 November 2010
SEGRO wins National Property Company of the Year Award and Ian Coull is presented with the Estates Gazette Outstanding Contribution to Property Award at the EG Awards.

15 October 2010
Chief Executive, Ian Coull announces he is to retire from the business during the course of 2011, once a successor has been appointed. Ian Coull has been appointed as Chairman designate of house building and construction group Galliford Try plc

22 June 2010
SEGRO completes acquisition of BAA's 50% stake in Airport Property Partnership and agrees to sell £237m of assets to APP.

27 April 2010
SEGRO announces it has exchanged conditional contracts for the acquisition of BAA's 50% interest in the Airport Property Partnership (APP) for £111.3m cash. APP is a 50/50 joint venture with Aviva Investors, focused on airport-related industrial assets in and around major UK airports. By value, 73% of the assets are located in the Heathrow market.

13 April 2010
Andrew Gulliford is appointed as Managing Director, Continental Europe having been at SEGRO for 6 years, latterly as Business Development Director and in January 2010 was given additional responsibilities in the running of the Continental European operations. Prior to joining SEGRO, he spent 19 years at Jones Lang LaSalle where he was European Director for their Industrial & Logistics business.

4 March 2010
Lord Blackwell and Stephen Howard retire as non-Executive Directors with effect from the Board at the Company's AGM on 29th April 2010 following nine years of service and in line with corporate governance best practice. Two new non-Executive Directors are appointed; Doug Webb, Chief Financial Officer of the London Stock Exchange Group plc since June 2008, and Mark Robertshaw, Chief Executive Officer of The Morgan Crucible Company plc since August 2006. The appointments are effective from 1 May 2010 and 1st June 2010 respectively.

11th January 2010
Inès Reinmann, Managing Director, Continental Europe resignes from the Board of SEGRO with immediate effect.

2009

SEGRO sells its 50% stake in its shopping centre joint venture with Tesco to British Land for £26.9m.


Lesley MacDonagh resigns as a Non-Executive Director. She will step down from the Board at the end of the year.


SEGRO successfully launched and priced an issue of £300 million of unsecured bonds.


The Board of SEGRO announces that it had reached agreement with the Board of Brixton on the financial terms of a recommended offer for the entire issued and to be issued share capital of Brixton.

SEGRO successfully completed a 12 for 1 fully-underwritten Rights Issue of 5,240,650,704 shares, raising net proceeds of £500 million.

SEGRO signs agreements with syndicate banks and bilateral lenders to permanently increase the maximum gearing covenant in these facilities from 125% to 160%.

SEGRO announces the completion of a major deal to lease our LHR1 logistics distribution unit near Heathrow Airport to Geodis Wilson UK Ltd.This is the single largest letting in the Heathrow area in over two years. The Heathrow area is extremely competitive and this deal reflects the excellent location and quality of building that SEGRO was able to offer Geodis.

2008

SEGRO secures major letting deal with Fluor Ltd for 210,000 sq ft pre-let to build their new UK headquarters at IQ Farnborough.

SEGRO wins Property Marketing Awards 2008, Industrial and Distribution Award for Heywood Distribution Park.

SEGRO wins Property Marketing Awards 2008, Corporate Marketing Award.

SEGRO wins Property Awards 2008, International Property Achievement Award.

The Bath Road Retail Park in Slough, located within the south-west corner of SEGRO's Slough Trading Estate, is sold to The Crown Estate for £92m.

SEGRO wins Industrial Developer of the Year at the 2008 EG awards.

2007

A partnership agreement is signed with the Berlin Airport Authorities to develop a business and 230,000 sq m logistics park on a 38-hectare land site next to the planned Berlin Brandenburg International Airport terminal in Schönefeld

In Germany, the €113m sale and leaseback agreement with MPM (Mannesmann Plastics Machinery) on three industrial sites at Munich, Nuremberg and Hanover, marks SEGRO's first move into the target market of Munich.

Slough Heat & Power, the power generation operation based on the Slough Trading Estate, is sold to Scottish and Southern Energy plc, one of the largest energy companies in the UK

A significant push into Italy begins with the acquisition of a 70,689 sq m business park in Vimercate, north-east Milan for €84.5m.

The $2.9bn disposal of SEGRO's US property business completes a major strategic repositioning that began in 2004, transforming the Company into an investor and developer of Flexible Business Space across Europe.

Expansion of the cluster of properties around Heathrow Airport continues with the acquisition of the Airlinks Trading Estate in Heston for £31m.

SEGRO's largest ever transaction in Continental Europe, the sale and leaseback from Neckermann.de (a KarstadtQuelle group company) of a major office and distribution campus in Frankfurt, for €197m.

Slough Estates introduces its new name and corporate identity, SEGRO, which receives shareholder approval on May 22

The Company becomes a UK-REIT (Real Estate Investment Trust) with effect from 1 January 2007.

2006

A portfolio of logistics and light industrial properties are acquired from Antalis in a pan-European sale and leaseback agreement that encompasses 177,120 sq m of space and 41 hectares of land, and allows Slough Estates to enter new markets in Spain and Italy.

The Treforest Industrial Estate in Cardiff, Wales is acquired. The addition of this 53-hectare estate to the Company's portfolio means that Slough Estates now owns six of the ten largest industrial estates in the UK.

Slough Estates' acquisition of Grontmij Real Estate International's developments moves the Company into distribution-related developments in Hungary, Poland and the Czech Republic.

2005

A sale & leaseback is agreed with Alstom Power (part of the French industrial group, Alstom) on its 11-hectare headquarters site in La Courneuve, Ile de France, Paris.

Slough Mainland, a joint venture between Slough Estates and Mainland, a Netherlands-based developer, is established, with developments based in the Schipol area.

The Woodside Industrial Estate in Dunstable and Heywood Distribution Park in Manchester are acquired. The sites are two of the UK's largest industrial parks and, together, contain 381,000 sq m of industrial property and more than 16 hectares of development land.

2004

In a portfolio swap, Slough Estates exchanges the majority of its retail developments with Land Securities in return for its industrial developments.

In the UK, the Company enters into the joint venture HelioSlough with the specialist distribution development company Helios Properties.

1999

Slough Estate acquires Percy Bilton plc with its extensive UK industrial portfolio.

1986

Bredero Properties is acquired and, with it, a portfolio which includes the Centre West office development at Hammersmith and 50 per cent of the Buchanan Galleries retail development in Glasgow.

1985

Slough Estates acquires Helmlace whose portfolio includes development sites at Winnersh Triangle near Reading, Basingstoke and in the City of London.

1984

Slough Estates merges with Allnatt London Properties plc and Guildhall Properties plc, which have portfolios concentrated in West London.

1974

Slough Estates undertakes its first developments in Germany in Cologne and Hanover.

1973

In partnership with Draper and Kramer, Slough Estates expands into the USA, with developments in Chicago and later Fort Lauderdale and San Diego in California.

1972

The Company undertakes its first developments in France in Colombes and Bures Orsay near Paris.

1962

Slough Estates moves into Belgium with the acquisition of a site at St. Niklaas.

1950

Slough Estates Canada Ltd is incorporated. Its first acquisition is in Ajax, Toronto and it subsequently expands into Montreal and Vancouver.

1949

Slough Estates Australia Pty Ltd acquires over 600 hectares of land to the west of Melbourne and subsequently expands into Sydney.

1948

The Slough Industrial Health Service is set up to provide occupational health support to the 16,000 employees in the Slough area. It continues today as Corporate Health.

1937

The Slough Community Centre is opened to provide recreational facilities and to foster social, educational and cultural interests. Today the Community Centre is run by Slough Borough Council.

1931

The Company acquires its second estate, the 22-hectare Kings Norton Metal Works. The estate, which lies five miles south of Birmingham city centre, is now known as Kings Norton Business Centre.

1926

The Company changes its name to Slough Estates Ltd to reflect the changing direction of the business.

1920

The Slough Trading Company Ltd, a syndicate of businessmen led by Sir Percival Perry (later Lord Perry) and Noel Mobbs (later Sir Noel Mobbs), acquires the 243-hectare site on the Bath Road at Slough together with 170,000 sq m of workshops and all the World War I vehicles parked there and abroad, together with those which became surplus to the UK Government's requirements over the next two years.