Our number-one hope is for early clarity on a workable Brexit.
In the industrial and logistics sector, we hope more politicians and civil servants recognise the vital role warehousing in the right places plays in enabling a digitally connected society to function.
The structural trends of ecommerce and urban population growth will continue to underpin occupier and investor demand for prime warehouse space, particularly in densely populated cities. We have a great land bank and a substantial, largely pre-leased development pipeline, including at SEGRO Logistics Park East Midlands Gateway (where we look forward to completing the first 2.5m sq m of space), and expect to add to this.
Notwithstanding near-term uncertainty in the UK and the threat of higher interest rates in the US, we remain optimistic about the prospects for the industrial and logistics sector.
Resolution: To continue to focus on operational excellence and disciplined capital allocation and maintaining a conservative financial structure. We will also redouble our customer focus this year, embracing the proptech revolution and continuing to build an inclusive culture and a more diverse talent pool.
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