Serco announces buyback and dividend hike as firm reaps the rewards from government contracts Business Asset manager and warehouse developer Segro made a profit during the full year, helped by securing lucrative government contracts.
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.
FTSE 100 live: London’s blue chip index falls as NatWest and Lloyds share prices slump February 17, 2023 London’s FTSE 100 dropped lower on Friday as a share price slump from NatWest and high street rival Lloyds weighed on the index. The capital’s premier index jumped 0.53 per cent to 7,972.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.76 per [...]
Profit jump for property developer Segro as dividend raised February 18, 2022 Property developer Segro has posted surging profit as it hikes its final dividend. In results for the year ended 31 December 2021, the London-based firm reported pre-tax profit of £356m. This was a leap of 20 per cent compared with the prior year, when 2020 profit stood at £296m The company raised its final dividend [...]
Segro hits £26m new headline rent in post-lockdown demand for space October 20, 2021 Warehouse developer Segro has reported £26m new headline rent signed during the last quarter. The total new headline rent for the nine months to September 30 2021 hit £64m, an increase on the £50m sum from the same period last year. In a trading update for July 1 to October 19, David Sleath, chief executive, [...]
Segro signals strong start to 2021 as it secures more rental income April 22, 2021 Commercial landlord Segro signed £18m of new headline rent during the first quarter of 2021, marking a strong start to the year. The FTSE 100 firm saw a 13 per cent increase in the vacancy rate to 4.4 per cent, driven by taking back space for refurbishment in its highly sought after London and Paris [...]
Commercial landlord Segro bucks trend to collect majority of rent owed in 2020 January 15, 2021 Commercial landlord Segro has bucked the current trend to collect almost all of the rent due last year, as its out-of-town business property assets proved to be resilient during the pandemic. The real estate investment trust (Reit) said it had collected 98 per cent of the £417m owed in 2020. Segro has also received 88 [...]
Segro buys Canning Town warehouse in £133m deal October 21, 2020 Property development firm Segro is adding a Canning Town warehouse estate to its London portfolio as it increases its presence in the capital. The landlord, which counts Amazon and Ocado as some of its clients, today announced it had acquired Electra Park, a 13 acre urban warehouse, from global investment manager Schroders for £133m. The [...]
Strong London performance pushes up Segro’s headline rent contract value October 16, 2019 Property giant Segro has increased the value of new headline rent contracts signed for the third quarter. The investor and developer said it signed contracts worth £15.3m over the period, up from £12.6m over the same time last year. Read more: Segro to make £450m placing as profits soar The growth brings its total headline [...]