Segro boss David Sleath: AI data centre roll out a matter of life and death Property The roll out of AI data centres in the UK’s urban hubs is a matter of life and death, warehouse magnate David Sleath has said. In an interview with City AM, the chief executive of industrial property group Segro said developing data centres in urban areas is “critical” for relying on developments such as saving [...]
Buy Segro amid real estate sector strength, says UBS Investing UBS analysts have backed real estate stocks like Segro and British Land after the sector has managed to hold out during the global stock exchange crash caused by the US trade war. Since the start of 2025, global stock markets have tanked, spurred on by the introduction of sweeping tariffs by US president Donald Trump. [...]
New £1bn west London data centre set to back soaring AI demand Tech Segro and Pure Data Centres have announced a new £1bn data centre located in London’s Park Royal, set to meet the soaring demand for digital infrastructure in the UK. The centre, backed by secretary Peter Kyle, is set for completion in 2026, with operations expected from 2029. The project will support next-generation AI and cloud [...]
Segro: Data centre demand fuels growth at warehousing giant February 14, 2025 Warehousing giant Segro has reported a double-digit jump in profit driven by demand for data centres and improving investment market conditions. Shares were flat in early trades. Adjusted profit before tax at the FTSE-100 real estate investment trust (REIT) grew 14.9 per cent in the year ended December 31 to £470m. Adjusted earnings per share rose 5.5 per [...]
Segro backs down from Tritax bidding war amid asset buying spree November 12, 2024 Segro has failed to up its offer for a takeover of Tritax Eurobox despite being outbid by Brookfield, leaving the latter victorious in the bidding war. Despite failing to successfully take over the real estate investment trust, Segro said today that it had bought about a third of Tritax Eurobox’s assets for 470m euros (£389m). [...]
Segro sells west London warehouse to Imperial for science innovation October 15, 2024 Segro has sold its Victoria Road warehouse to Imperial College London for £115m, with the university set to use the property for early-stage companies conducting scientific innovation. Located in Park Royal, West London, the 10-acre urban warehouse estate has been owned and operated by Segro since 2009, when it acquired Brixton plc. Segro said that [...]
Brookfield wins round Tritax Eurobox in £1.1bn tie-up October 10, 2024 In a statement to the market this morning, the boards of the two companies said they reached an agreement on a £1.1bn deal.
Segro pounces on Tritax Eurobox with all-share £552m offer September 4, 2024 The London-listed warehouse giant Segro has made an offer for its smaller peer, Tritax Eurobox. Sergo and Tritax Eurobox announced this morning they had reached an agreement on the terms of a recommended all-share offer by Sergo for the entire issued and to be issued share capital of Tritax Eurobox. Segro has agreed to pay [...]
Segro: Warehousing giant’s profit hits £200m as UK property values increase July 26, 2024 Warehousing giant Segro has seen its profit soar to more than £200m after the value of its UK properties increased for the first time in two years.
Segro sells £275m warehouse portfolio as it eyes ‘new investment opportunities’ July 19, 2024 The London-listed warehouse giant Segro has sold a group of retail spaces worth more than €327m (£275m) as it eyes “new investment opportunities”. The sale includes four warehouses, two located in Milan and two in Rome, which Segro said it had developed for “some of our largest clients” to support their expansion plans. The warehouses [...]