Segro’s rentals rise in first quarter

London-listed industrial landlord Segro yesterday said it had a “busy and productive first quarter,” contracting £9m of rental income over the period, compared to £4.7m in the first quarter of 2013. But the vacancy rate rose to nine per cent, reflecting larger take-backs in France and Germany. “Occupier demand for new space continues to improve in most markets and this has been reflected in increased rental commitments,” said chief David Sleath.