Acquisition of the UK Logistics Fund

Further to the announcement of 19 December 2011, Segro and Moorfield Real Estate Fund II (MREF II) announced that their recently established UK Logistics (Jersey) Limited Partnership joint venture has now completed its acquisition of the UK Logistics Fund (“UKLF”) from Hermes Real Estate Investment Management Limited, Legal & General and LaSalle Investment Management.

As part of its strategic review in November 2011, SEGRO announced that it would focus its portfolio on the highest quality assets in the strongest markets, including an intention to expand its portfolio of logistics assets under management. The completion of the UKLF acquisition represents a positive step forward in the execution of this strategy.