SEGRO European Logistics Partnership

SEGRO European Logistics Partnership (commonly abbreviated SELP) is a logistics real-estate joint venture sponsored by SEGRO plc, the UK-listed owner, developer and manager of industrial and warehouse property. SELP was established in 2013 as the vehicle through which SEGRO consolidated and grew its continental European big-box logistics portfolio alongside institutional co-investors, allowing the parent to recycle capital while retaining a meaningful stake and management role. SELP's portfolio consists primarily of modern logistics warehouses — large distribution centres and increasingly urban logistics assets serving e-commerce, third-party logistics providers, retailers and manufacturers — located in Continental European markets such as France, Germany, the Netherlands, Poland, the Czech Republic, Spain and Italy. The partnership is managed by SEGRO, which acts as asset and development manager and typically holds a significant minority interest, while the majority of equity is held by pension funds, sovereign wealth funds and other long-term institutional investors. As a joint venture rather than a separately listed company, SELP does not publish its own share price or standalone brand identity; it functions as an investment platform within the SEGRO group and is reported within SEGRO's financial statements as a joint venture. Its strategic role is to give SEGRO scale and access to European logistics markets with co-investment capital, and to provide investors with exposure to a diversified, professionally managed logistics portfolio. SELP's positioning is that of a core, income-producing logistics platform focused on high-quality, well-located assets in supply-constrained European markets, with an emphasis on development and asset management to drive rental growth and value. Its brand equity derives almost entirely from the SEGRO name and track record rather than from consumer-facing marketing.

SEGRO European Logistics Partnership was created in 2013 by SEGRO plc as a joint venture to hold and grow the company's Continental European logistics assets together with institutional co-investors. SEGRO, whose roots go back to the early twentieth century as the Slough Estates industrial property business, had by the 2010s refocused on industrial and logistics real estate, exiting much of its non-core office and retail exposure. The creation of SELP formed part of that strategy: rather than owning European logistics assets wholly on its own balance sheet, SEGRO placed them into a partnership with long-term investors, retaining a stake and the management mandate. Over the following years SELP expanded through acquisitions and development, adding modern big-box warehouses and urban logistics facilities in markets such as France, Germany, the Netherlands, Poland, the Czech Republic, Spain and Italy. The platform benefited from the structural growth of e-commerce and supply-chain reconfiguration across Europe, which drove demand for well-located, high-quality logistics space. SEGRO periodically raised additional capital from existing and new investors and recycled assets within the partnership, and SELP became one of the largest logistics joint ventures in Europe. Because SELP is a private joint venture rather than a listed vehicle, its history is documented mainly through SEGRO's annual reports and investor communications rather than through a standalone corporate record. Its development reflects SEGRO's broader evolution into a focused industrial and logistics REIT and its use of co-investment capital to scale its European platform.

• 2013

  SEGRO establishes SEGRO European Logistics Partnership as a continental European logistics joint venture with institutional co-investors.

• SELP expands its portfolio through acquisitions and development across France, Germany, the Netherlands, Poland, the Czech Republic, Spain and Italy.

Core, income-producing European logistics real-estate platform managed by SEGRO and co-owned with long-term institutional investors.

• Big-box logistics warehouses

• Urban logistics facilities

• Build-to-suit distribution centres

1. 1SEGRO plc corporate websitesegro.com
2. 2Hines acquires Gdańsk logistics parkwbj.pl