Segro hikes rents and eyes expansion following fundraising property In the first three months of 2024, the real estate investment trust invested £99m in new developments, with £600m total expected to be spent throughout the year, it said in a trading update.
Strong demand for shares allows Segro to tap investors for £900m to fund growth and new data centres property Warehouse giant Segro has announced a £800m placing to capitalise on the booming demand for big box warehouses.
Segro looks to lift rents 50 per cent in next three years as warehouse demand continues to grow warehouses The company's boss, David Sleath, made these comments alongside its full-year numbers, which showed a 12.5 per cent jump in rental income.