SELP JV Secures €500 Million Through Unsecured Bonds

SEGRO plc, as venture adviser to the SEGRO European Logistics Partnership (SELP) joint venture, has announced the successful pricing of a €500 million senior unsecured bond issue for SELP. The bonds carry a five-year term, priced at 105 basis points above euro mid-swaps, resulting in an annual coupon rate of 3.875%. The bond issue attracted significant interest, being oversubscribed by more than ten times at its peak.

SELP, formed in 2013 as a 50:50 joint venture between SEGRO and PSP Investments, focuses on establishing a prominent European logistics platform. The portfolio, valued at €6.8 billion as of 31 December 2025, generates an annualised rent of €367 million across 5.7 million square metres.