Warehouse firm Segro on target

British warehouse business Segro yesterday said it was on track to meet year-end financial targets after a steady start to 2013. The company invested €43.2m (£36.9m) new distribution centre outside Warsaw but saw its vacancy rate pass 10 per cent following the collapse German mail-order business Neckermann who occupied a large site near Frankfurt. New deals signed during the first quarter of 2013 are due to generate £5.2m of annual rental income.