SEGRO embarks on £600m development spree to meet warehousing demand

SEGRO David Sleath

SEGRO, the UK’s largest property company, has said it is on track to spend £600m on new developments this year to cash in on increasing demand for its industrial and logistics assets.

Stockpiling ahead of Brexit and the shift to online retail has increased demand for its warehouse space in the UK and continental Europe. The group raised £450m of fresh equity in February to fund the development pipeline.

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