Segro
{{Short description|British real estate company}}
{{Infobox company
| name = SEGRO plc
| logo = SEGRO.svg
| logo_size = 185px
| type = Public
| traded_as = {{lse|SGRO}}
FTSE 100 Component
| industry = Property
| foundation = 1920
| founder = {{Unbulleted list|Percival Perry|Noel Mobbs}}
| location = London, England, UK{{cite web|url= http://www.segro.com/site-services/contacts/our-offices|title=Our Offices|publisher=Segro|access-date=7 July 2019}}
| key_people = {{Unbulleted list|Andy Harrison (Chairperson)|David Sleath (CEO)}}
| products =
| revenue = {{decrease}} £675 million (2024){{cite web|url=https://www.segro.com/media/lzedfxwv/fy-2024-press-release-full-version-final.pdf|title=Annual Results 2024|publisher=Segro|access-date=14 February 2025}}
| operating_income = {{increase}} £703 million (2024)
| net_income = {{increase}} £594 million (2024)
| num_employees =
| parent =
| subsid =
| footnotes =
| homepage = {{url|https://www.segro.com}}
}}
SEGRO plc (formerly known as Slough Estates Group) is a British property investment and development company based in London, England. It develops and invests in property located in the United Kingdom and Continental Europe focusing on edge of town flexible business space. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
History
File:Sloughtradingestate.jpg]]
The company was founded by Sir Percival Perry and Sir Noel Mobbs in 1920 as The Slough Trading Company Ltd with the objective of acquiring and developing the site now occupied by the Slough Trading Estate in Slough.{{cite web|url= http://www.segro.com/about-us/Our-heritage/|title=Our history|publisher=Segro|access-date=3 April 2015}} In 1926 the company changed its name to Slough Estates Ltd and in 1931 it expanded north acquiring a site in Birmingham. In the 1980s it expanded rapidly buying Allnatt Properties and Guildhall Properties in 1984, Helmlace in 1985 and Bredero Properties in 1986. In 1999 it acquired Percy Bilton.
In 2004 it sold a number of retail properties to Land Securities in exchange for some industrial properties.{{cite web|url=http://www.investegate.co.uk/article.aspx?id=20041115121200Z6754|title=Land Securities and Slough Estates agree property swap|publisher=Investegate|date=15 November 2004|access-date=3 April 2015}} It converted to Real estate investment trust status and changed its name from Slough Estates Group to SEGRO in 2007.{{cite web|url=https://www.annualreports.com/HostedData/AnnualReportArchive/s/LSE_SGRO_2006.pdf|title=Annual Report 2006|publisher=Segro|access-date=27 February 2021}}{{cite web|url=https://www.independent.co.uk/news/business/analysis-and-features/the-investment-column-best-may-be-over-in-dash-by-companies-to-convert-to-reits-430624.html|date= 3 January 2007 |title=Best may be over in dash by companies to convert to REITs|work=The Independent|access-date=3 April 2015}} In 2009 it acquired Brixton plc.{{cite web|url=http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article6552544.ece|title= Segro reaches agreement to buy struggling rival Brixton|work= The Times|date= 22 June 2009|access-date=3 April 2015}}{{dead link|date=September 2024|bot=medic}}{{cbignore|bot=medic}}
Operations
SEGRO owns commercial and industrial properties in the UK, France, Czech Republic, Poland, Italy, the Netherlands, Belgium, Spain and Germany.{{cite web|url=http://www.segro.com/about-us/where-we-operate?sc_lang=en|title=Where we operate|publisher=Segro|access-date=23 April 2017}} The company's portfolio (including joint venture assets) was valued at £15.3 billion at 31 December 2024. In Paris, Segro is developing a 75,000 square metre underground logistics centre close to the city centre for the "Last Mile" of logistics.{{cite web|url=https://eurobuildcee.com/en/magazine/3808-in-all-shapes-and-sizes|title= In all shapes and sizes|work= The Times|author=Rafał Ostrowski|access-date=20 September 2021}}
Sites include:
- East Midlands Gateway{{cite news|url=https://www.logisticsmanager.com/one-plot-left-at-segros-east-midlands-gateway-scheme/|title=One plot left at SEGRO's East Midlands Gateway scheme|date=7 December 2021|newspaper=Logistics Manager|access-date=15 February 2022}}
- Segro Park, Kettering{{cite news|url=https://www.logisticsmanager.com/segro-submits-plans-for-speculative-mega-shed-in-kettering/|title=SEGRO submits plans for speculative mega shed in Kettering|date=9 April 2020|newspaper=Logistics Manager|access-date=15 February 2022}}
- Segro Park Dagenham
- Segro Park, Perivale{{cite news|url=https://capitalwestlondon.co.uk/segro-buys-in-perivale/|title=SEGRO buys in Perivale|date=8 June 2021|newspaper=Capital West| access-date=15 February 2022}}
- Segro Park, Rainham{{cite news|url=https://www.commercialnewsmedia.com/archives/114534|title=Wanis International acquires 100,000 sq ft at SEGRO Park, Rainham|date=11 August 2021|newspaper=Commercial News Media| access-date=15 February 2022}}
- Slough Trading Estate{{cite news|url=https://www.thetimes.com/business-money/markets/article/data-centre-drive-sends-segro-back-to-slough-830j8jwhk|title=Data centre drive sends Segro back to Slough|date=24 December 2021|newspaper=The Times| access-date=15 February 2022}}
References
{{reflist|30em}}
External links
- [https://www.segro.com Official site]
Further reading
- Cassell, Michael Long Lease! The Inside Story of Slough Estates, Pencorp Books 1991
{{Real estate in the United Kingdom}}
{{FTSE 100 Index constituents}}
{{Authority control}}
Category:Real estate investment trusts of the United Kingdom
Category:Companies listed on the London Stock Exchange
Category:Real estate companies established in 1920
Category:Companies based in London