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The warehouse investor that is Britain’s largest listed property company has reported a 10 per cent rise in annual profit as it rides a wave of demand for storage from online retailers.
Segro reported £267.5 million of adjusted pre-tax profit in a record year for development completions.
The results were supported by a 4.7 per cent increase in like-for-like rental growth and a low vacancy rate of 4 per cent in its 86 million sq ft portfolio. Its net asset value per share rose by 8.9 per cent to 708p.
Founded 100 years ago when a group of businessmen bought a site in Slough, Berkshire, Segro owns or manages a £12.2 billion portfolio in Britain and continental Europe. It differs from its rivals in that
Halfords’ boss intends to be at your service and not the next on his bike
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