SELP Joint Venture Prices €650 Million Unsecured Bonds

On June 23, 2026, SEGRO plc, as the parent company of SELP Management Limited, announced the pricing of a €650 million senior unsecured bond issue for the SEGRO European Logistics Partnership (SELP) joint venture. The bonds carry a seven-year term and are priced at 118 basis points above euro mid-swaps, resulting in an annual coupon rate of 4.000 percent.

The bond issue underscores SELP's ongoing commitment to expanding its logistics platform across Europe. Originally founded in October 2013 as a joint venture between SEGRO and PSP Investments, the portfolio has grown significantly in value and geographical reach, now encompassing logistics investments across several European countries.