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 . 
  EUROPEAN COMMISSION  
Brussels, 25.11.2020  
C(2020 ) 8435 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9988  – SEGRO / PSPIB / SELP / GONESSE SITE  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 30 October 2020 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  SEGR O plc 
(‘SEGRO’, United Kingdom)  and Public Sector Pension Investment Board (‘PSPIB’, 
Canada)  acquire within the meaning of Article 3(1)(b) of the Merger Regulation 
indirect joint control of the whole of Gonesse Site Asset (‘the Target’, France)  through 
SEGRO European Logi stics Partnersh ip S.à.r.l (‘SELP’, Luxembourg ) by way of 
purchase of assets .3 
2. The business activities of the undertakings concerned are:  
 for SEGRO: ownership, asset management and development of modern 
warehousing and light industrial properties located ar ound major conurbations 
and at key transportation hubs across a number of EU countries, such as, the 
Czech Republic, Germany, Spain, France, Italy, the Netherlands, Poland and the 
United Kingdom,  
 for PSPIB: investment of net contributions to the pension fu nds of the Federal 
Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the 
Reserve Force. It is active globally and 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,  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p . 3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 377, 9.11.2020 , p. 17. 

2  for the Target: a logistics building with a rental area of 10 846 m2, which  lies 
North of Paris, France in the ZAC des Tulipes Nord, avenue du XXIème Siècle in 
Gonesse. It is  currently under lease to a third party and primarily used as a 
warehouse . 
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5(a) and 5 (c) of the Commission Notice on a simplified procedure for 
treatment of certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the  notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .