Segro rental income rises

Kasmira Jefford
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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.