Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

On 16 March 2022, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004, by which each of SEGRO plc (established and registered in the United Kingdom) ("SEGRO") and Public Sector Pension Investment Board (established and registered in Canada) ("PSPIB") will, indirectly through SEGRO European Logistics Partnership S.à.r.l. (registered in Luxembourg) ("SELP"), acquire joint control over a logistics asset in France (the "Target Asset") by way of an asset purchase.

SEGRO is active in the following countries in the EEA: Czech Republic, Germany, Spain, France, Italy, Netherlands, and Poland. SEGRO is not active in countries outside the EEA.

PSPIB is active globally. In particular, PSPIB’s Real Estate portfolio assets are located especially in Canada, the U.S., Europe, developed Asia, and Australia. PSPIB, via its investments, is active almost across the entire EEA.

The business activities of the undertakings concerned are as follows:

(i) for SEGRO: ownership, asset management and development of modern warehousing and light industrial properties located around major conurbations and at key transportation hubs across a number of EU countries; and

(ii) for PSPIB: investment of net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. It manages a diversified global portfolio including stocks, bonds and other fixed-income securities, and investments in private equity, real estate, infrastructure, natural resources and private debt,

(iii) The Target Asset is a logistics property with a rental area of 50,098 sq. metres and lies South of Paris, France in Plessis-Pâté. The Target Asset is currently under lease to a third party and primarily used as a warehouse.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.