Financial Times FT.com

Segro seeks support for £500m cash call

By Daniel Thomas and John O’Doherty

Published: March 4 2009 08:50 | Last updated: March 5 2009 00:17

Segro, the warehouse and offices developer, has become the latest property group to call on investors to support a sharply discounted rights issue.

Real estate shareholders have been tapped for more than £2.5bn following a series of cash calls by most large property companies, which are struggling to reduce debt from dangerously high levels as asset values fall.

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