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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 [...]
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 [...]
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, [...]
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 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 [...]
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 [...]
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 [...]
Property group Segro secured £21.2m in new headline rent in the first quarter of 2019, as it followed up on a fundraising designed to help it keep up with increasing demand in the ecommerce sector. Read more: Segro appoints chocolate boss as non-executive director The company, which invests in warehouses located in the UK and continental [...]
The FTSE 100 index slipped 0.7 per cent today driven by a plunge in gambling company GVC's shares and poor Chinese export data that has sparked fears over global growth. GVC led the day’s fallers with its share price 13.82 per cent down after dropping as low as 18 per cent earlier in the day after its chief [...]
Warehouse landlord Segro said today that it is planning to raise £450m as it looks to ramp up development amid a boom in demand for storage space from online retailers. Britain’s largest listed property firm, which also posted a double-digit profit rise in its full-year results this morning, has proposed a placing of shares to fund [...]
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