Segro sees surging demand for warehouses

The UK's supply chain crisis is poised to fuel more demand for warehouse space, industrial property giant Segro has predicted. The comment came as the landlord and developer published a trading update. Segro said it secured £26m of new headline rent in the three months to September 30, up from £16m in the third quarter of 2020. The vacancy rate across the firm's estate has reduced to 3.2% from 4.3%. Segro's chief executive David Sleath said: “We head into the final months of 2021 with confidence in our ability to drive further sustainable growth in rental income, earnings and dividends.”

Read more: The Times

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