SEGRO rides online retail wave to topple Landsec

SEGRO David Sleath

Group’s industrial focus pays dividends as other top REITs are hit hard by bricks-and-mortar retail woes

In 2004, back when SEGRO was a small property company named Slough Estates, it struck a deal with the mighty Land Securities to exchange the majority of its retail properties for all of the latter’s industrial assets.

Last Friday, the now solely industrial-focused SEGRO overtook the retail- and London-office-focused Landsec to become the UK’s largest listed property group.

The roots of SEGRO’s meteoric rise can be traced back to that deal 14 years ago. Under the stewardship of the late Ian Coull, the strategy to focus on the industrial sector was put in motion.


This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now