Real estate firm Segro is being urged by an activist investor to spin out its data center business into a separate company.
– Segro
As reported by the Times, Lauro Asset Management has told Segro that the London stock market is "undervaluing” its high-growth data center division, suggesting the company spin off its data center arm and float a 20-30 percent stake in the Netherlands.
Segro, the FTSE 100 real estate investment trust, is a major owner of data centers in the UK, centered around Slough to the west of London.
Founded in 1920 and traditionally known for its industrial warehouse developments, Segro has been providing powered shells to data center customers for around 20 years.
