Segro rental income rises
SEGRO yesterday said it had made progress against a challenging backdrop in the third quarter, reducing vacancy rates and bagging a trio of pre-let deals.
The industrial property company said total rental income increased by £7.1m in the period. It has also signed three new pre-let development contracts, which will produce £1.8m of income in 2013.
The group’s vacancy rate fell slightly across the quarter to nine per cent from 9.1 per cent at the end of June.