SEGRO plc

Overview

SEGRO plc is a prominent real estate investment trust (REIT) headquartered in London, specializing in the ownership, management, and development of modern logistics and industrial properties across the United Kingdom and Continental Europe. The company focuses on providing high-quality assets, including large-scale 'big box' warehouses for regional, national, and international distribution, as well as urban warehousing solutions. SEGRO's portfolio is valued at £15.3 billion as of December 31, 2024, encompassing over 6 million square meters of lettable space. The company's investment strategy emphasizes sustainable and innovative spaces designed to enable its customers' businesses to thrive in the logistics and industrial sectors. SEGRO's diverse portfolio includes properties in key European markets such as the United Kingdom, France, Germany, Poland, Italy, the Netherlands, Belgium, Spain, and the Czech Republic. Notable assets include the East Midlands Gateway, Segro Park Kettering, and the Slough Trading Estate. In June 2024, SEGRO expanded its presence in the Netherlands by acquiring three fully leased logistics warehouses in Eindhoven, Heerlen, and Tilburg for €222 million. These acquisitions, totaling 172,300 square meters, are expected to deliver significant returns over the next four years. The Tilburg warehouse, located in the Vossenberg industrial estate, is currently leased to Tesla. This strategic move underscores SEGRO's commitment to enhancing its portfolio with high-quality assets in prime locations. In February 2025, SEGRO announced a strategic shift in its data centre strategy to directly serve major cloud providers such as Amazon, Microsoft, and Google. This initiative aims to capitalize on the growing demand for data centres driven by the rise of AI, with plans to develop fully fitted facilities that include high-capacity power supplies and advanced cooling systems. This approach is expected to significantly increase rental income from data centre operations. SEGRO's commitment to responsible business practices is evident through its 'Responsible SEGRO' initiative, focusing on environmental sustainability, community engagement, and employee well-being. The company actively invests in community projects and has outlined plans to support young and disadvantaged people into employment, enhance local economies, and promote biodiversity. With a strong track record of growth and innovation, SEGRO continues to be a leading player in the European logistics real estate sector, providing high-quality spaces that meet the evolving needs of its diverse customer base.

Investment Focus

• Sustainable and innovative properties
• Prime locations
• High-quality assets
• Long-term leases with reputable tenants

Portfolio Companies