- CEO
- David John Rivers Sleath
- Full Time Employees
- 466
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- Cunard House London United Kingdom SW1Y 4LR
- IPO Date
- Sep 25, 2007
- Business
- SEGRO Plc is a UK Real Estate Investment Trust (REIT) listed on the London Stock Exchange and Euronext Paris that owns, manages and develops modern warehouses, light industrial properties and data centres; its portfolio includes big box warehouses for regional, national and international distribution hubs, urban warehousing near major population centres and business districts, and powered shell data centres serving customers across logistics, manufacturing, e-commerce and technology sectors. Founded in 1920 and headquartered at 1 New Burlington Place in London, England, the company operates in eight European countries including the UK, Germany, France, Netherlands, Italy, Spain, Poland and the Czech Republic, with approximately 10.8 million square metres of lettable space valued at £21.4 billion under management as of mid-2025. SEGRO serves a diverse customer base from transport, logistics, manufacturing and value-added services industries, focusing on high-quality, sustainable assets in supply-constrained urban markets and key transportation corridors.
The company generates revenue primarily from rental income on long-term leases, development profits upon project completion and asset management fees; its properties achieve high occupancy rates around 94 per cent with strong customer retention above 90 per cent, supported by embedded rent reversion of 15 per cent offering £116 million in potential uplift through reviews, renewals and lease-ups. SEGRO emphasizes sustainability through its Responsible SEGRO framework, prioritizing low-carbon growth with 133 MW of installed solar capacity, BREEAM Excellent or higher certifications on nearly all new developments, and a commitment to net-zero emissions; it maintains a robust balance sheet with a 31 per cent loan-to-value ratio and £1.9 billion in liquidity.
In recent developments, SEGRO completed acquisitions totalling £243 million in the first half of 2025, including its SELP joint venture's €470 million purchase of a six-asset logistics portfolio in Germany and the Netherlands from Titanium Ruth Holdco (formerly Tritax EuroBox), and three fully leased warehouses in the Netherlands for €222 million; the company invested £180 million in development capex, completing 196,800 square metres of space adding £19 million in potential rent at a 7.7 per cent yield on cost, and formed a 50:50 joint venture with Pure DC Group for its first fully fitted data centre while advancing a 2.3GW+ land-enabled power bank. SEGRO signed £31 million in new headline rent, including a pre-let for an 86,000 square metre distribution centre in Germany's Rhine-Ruhr region and a partnership with GEODIS in Poland; it reported 7.8 per cent like-for-like net rental income growth, 6.5 per cent adjusted EPS increase to 18.1 pence, and raised its interim dividend by 6.6 per cent to 9.7 pence. These activities underscore SEGRO's strategy to expand in high-growth logistics and data centre markets amid strong structural demand.