L&G May Get Segro’s RE Portfolio

Legal & General Property(L&G) has emerged as the frontrunner to acquireSegro’s GL7 portfolio of industrial estates,Property Weekreports. L&G is purchasing the £52 million portfolio for its £744 millionIndustrial Property Investment Fund(IPIF).

The portfolio, which generates annual rent of £4.6 million, consists of seven Greater London estates.ChancerygateandWilliam Pears Groupalso placed bids at an earlier stage but neither was selected.

Click here for the story fromProperty Week.