Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Monday 25 June, 2012


?204.5m disposal & ?82m debt facility cancellation

RNS Number : 0389G
25 June 2012


25 June 2012



£204.5 million disposal completed and £82 million cancellation of debt facilities


Further to the announcement of 21 May 2012, SEGRO is pleased to announce that it has now completed the sale of four non-core UK industrial estates for £204.5 million to a fund advised by Harbert Management Corporation (Europe) LLC. 


The estates sold are Heywood Distribution Park in Rochdale, Trafford Park in Manchester and Kings Norton Business Centre and Meteor Park in Birmingham. The sale price represents a net initial yield of 6.7 per cent, or 7.4 per cent with the benefit of lease incentive top-ups. The sale proceeds, net of lease incentive top-ups, are approximately 2.9% below the 31 December 2011 book value.


SEGRO has also cancelled two committed debt facilities formerly provided to the Group by one of its 13 lending banks.  The facilities amounted to £82 million and matured in 2014.  These transactions were executed at a discount to face value and will generate a pre-tax profit to SEGRO of approximately £2.3 million in the six months to 30 June 2012. This profit does not form part of EPRA profit before tax, although the Group will also save future annualised commitment fees of approximately £0.5 million as a result of cancelling these surplus facilities.


In May 2012 the lender also transferred, with SEGRO's approval, its €30 million (£24 million) participation in a €240 million syndicated bank facility due in 2015 to the Bank of China (UK) Limited.


SEGRO retains a favourable funding position, with currently approximately £600 million of undrawn bank facilities/cash, and a strong group of international lenders, including all the major UK clearing banks.           


Commenting on the disposal and debt cancellation, Justin Read, SEGRO's Group Finance Director, said: 'The completion of this disposal of regional assets marks another important step forward with the reshaping of our portfolio to focus on core markets. Additionally, the disposal of £377 million of non-core assets in the year to date has meant that we can pay down debt and cancel excess bank facilities. We are also delighted to have been able to take advantage of the opportunity to add the Bank of China (UK) Limited to our group of relationship banks.'  



- ENDS -




For further information please contact:




Kate Heseltine (Investor Relations Manager):  +44 (0) 207 451 9042




John Sunnucks/David Shriver: +44 (0) 20 7353 4200



About SEGRO:

SEGRO is Europe's leading owner-manager and developer of industrial property. The Group is a Real Estate Investment Trust (REIT), listed on the London Stock Exchange. SEGRO's portfolio comprises £5.1 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorway intersections. The Group serves over 1,600 customers spread across many geographies and different industry sectors. It has 5.5 million sq m of built space and a passing rent roll of £334 million (as at 31 December 2011).  For further information see


This information is provided by RNS
The company news service from the London Stock Exchange

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