London-listed Segro, one of Europe's biggest providers of flexible business space, has acquired a 161,000 m[sup]2[/sup] site on the outskirts of Dusseldorf for EUR 18.8 mln. It was purchased from Scandinavian forest products company Stora Enso. The current factory will close by the end of the year and the buildings will be demolished. Segro, which has a total property portfolio of EUR 7.3 bn and operates in ten countries, will develop the site as a modern, light, industrial and logistics facility, due for completion in 2009.
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