How it started
History
The company was founded by Sir Percival Perry and Sir Noel Mobbs in 1920 as The Slough Trading Company Ltd with the objective of acquiring and developing the site now occupied by the Slough Trading Estate in Slough. In 1926 the company changed its name to Slough Estates Ltd and in 1931 it expanded north acquiring a site in Birmingham. In the 1980s it expanded rapidly buying Allnatt Properties and Guildhall Properties in 1984, Helmlace in 1985 and Bredero Properties in 1986. In 1999 it acquired Percy Bilton.
In 2004 it sold a number of retail properties to Land Securities in exchange for some industrial properties. It converted to Real estate investment trust status and changed its name from Slough Estates Group to Segro in 2007. In 2009 it acquired Brixton plc.
In July 2026, Segro rejected a third takeover proposal from American logistics-property company Prologis. The cash-and-share proposal valued Segro at £13.5 billion, or £9.93 per share; Segro's board argued that it undervalued the company's portfolio and long-term prospects. However, on July 22, Segro pivoted and stated that it would be willing to accept a £14 billion, or £10.32 a share, revised bid from Prologis; the deal that would be one of the largest foreign takeovers of a UK-listed company.
From Wikipedia’s article on Segro, shared under CC BY-SA 4.0.2