Prior notification of a concentration (Case M.8521 — SEGRO/PSPIB/SELP/CAT Site) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2017-06-21
Institutions: European Commission
Subjects: economic concentration, investment company, merger control, parking area, property leasing, real estate business








C_2017197EN.01002601.xml










21.6.2017   


EN


Official Journal of the European Union


C 197/26





Prior notification of a concentration
(Case M.8521 — SEGRO/PSPIB/SELP/CAT Site)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 197/10)






1.


On 13 June 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings SEGRO 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, through SEGRO European Logistics Partnership Sàrl (‘SELP’, Luxembourg), joint control over a parcel of land in Madrid which is leased as a car park (‘CAT Site’, Spain), by way of purchase of assets.










2.


The business activities of the undertakings concerned are:
—   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,
—   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,
—   for CAT Site: is a 5,3 hectare parcel of land in San Fernando de Henares, at the beginning of the A2 corridor running east out of Madrid and close to the M50 ring road, south-east of the main international airport at Barajas, Spain. The Target Asset is currently leased to a car logistics operator as parking space.










3.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.










4.


The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8521 — SEGRO/PSPIB/SELP/CAT Site, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË










(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.