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.
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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
