FTSE 250 listed European-focused industrial property specialist SEGRO has completed the disposal of the MPM site in Munich earlier than originally planned.
The sale €65m sale (approximately 56m pounds), first announced on January 8th, was originally pencilled in a £53m and was expected to be completed in March.
The MPM site is a fully-let 155,000 square metre engineering and manufacturing facility acquired by SEGRO in 2007.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Speaking last month, the company said: "This is the first of the large non-strategic assets (identified as non-core at SEGRO's Investor Day in November 2011) to be sold in Continental Europe."
MF
-
GTA 6 release window confirmed: Is it game on for the Take Two Interactive Software stock?TTwo’s earnings report today has confirmed that GTA 6 will be released in autumn 2025. Can investors cash in on what could be the biggest launch in entertainment in over a decade?
-
Three stocks in recruitment companies with promising recovery playsRecruitment agency Robert Walters and its peers are struggling, but now's the time to buy, says Rupert Hargreaves
