22 April 2021
SEGRO plc ('SEGRO' or the 'Group') today publishes a trading update for the period from 1 January 2021 to 21 April 2021
1.
David Sleath, Chief Executive, said:
'2021 has started well for SEGRO, with our ongoing active asset management strategy and continued strong occupier demand enabling us to sign £18 million of new headline rent during the quarter by capturing reversionary potential on the existing portfolio, alongside securing new pre-lets on developments.
'Our expanded, de-risked development programme now comprises 1.3 million sq m of new space either under construction or in advanced discussions. We have also been able to secure further land to extend our future development pipeline.