SEGRO plc is a real estate investment trust (REIT). It is the owner-manager and developer of industrial property. Its portfolio comprises assets concentrated in and around conurbations and transportation hubs, such as airports, ports and transportation networks. In February 2012, the Company and Moorfield Real Estate Fund II�s joint venture, United Kingdom Logistics (Jersey) Limited Partnership, acquired the United Kingdom Logistics Fund. In February 2012, the Company sold a portfolio of five non-core the United Kingdom industrial estates to two property funds managed by Ignis Asset Management. In April 2012, the existing built assets and 18 acres of development land were sold to a joint venture between funds advised by Harbert Management Corporation and XLB Property as Asset Manager. In February 2013, the Company disposed MPM site in Munich.