June 23, 2020
SEGRO and Taylor Wimpey Place New Shares
Practices & Industries
Paul, Weiss advised SEGRO plc and Taylor Wimpey plc in June in their respective non-preemptive placings of new ordinary shares. SEGRO raised gross proceeds of £680 million and Taylor Wimpey raised gross proceeds of £522 million.
SEGRO is a UK-based real estate investment trust, and a leading owner, manager and developer of modern warehouses and light industrial property. Taylor Wimpey is one of the largest UK-based residential developers, operating at a local level from 24 regional businesses across the UK. Both said they intend to use the funds to pursue growth opportunities.
The Paul, Weiss team included U.S. securities partner Mark Bergman.
