Finance

Covid-19 lockdowns boost NAV and profit at SEGRO

By 2021-02-19T08:29:00

SEGRO David Sleath

Net asset value (NAV) at industrial property giant SEGRO leapt by 16.3% in 2020 as a boom in online trading and e-commerce sparked by Covid-19 lockdowns sent industrial property values soaring.

Adjusted NAV per share ended the year at 814p, compared to 700p in 2019, following a 10.3% rise in asset valuation to just under £13bn.

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