SEGRO plc (LON:SGRO) is hosting an Investor & Analyst Event today on “Defining the Urban Warehouse Opportunity” at the National Theatre in London, followed by tours of its London portfolio.
Urban warehousing in major European cities is a unique asset class with specific market characteristics and attractive supply-demand dynamics which drive superior returns. SEGRO is uniquely positioned to capture this opportunity with its irreplaceable portfolio of urban assets in Europe’s largest cities and its market-leading operating platform (including within its data centre business).
David Sleath, CEO, will open the event, which will feature presentations by senior members of the SEGRO management team as well as the JLL Industrial and Logistics Research team. There will also be a customer panel with representatives from John Lewis, Royal Mail and RD Content, as well as a panel including the Deputy Mayor of London, Jules Pipe.
The presentations will cover the following topics:
1. Defining the urban warehouse market
Jon Sleeman and Tessa English from the JLL Industrial and Logistics research team will present the findings of their recent study of urban warehouse space in Greater London.
2. SEGRO’s urban strategy
Summary of SEGRO’s strategy for urban warehouses in the UK and Continental Europe.
3. Defining the customer base
Insights into who uses our urban warehouse space, followed by a panel discussion with some of our customers.
4. Defining the data centre opportunity
Background to SEGRO’s data centre portfolio and the 1.2 GW future opportunity in this growth sector that could create c.£200 million of new rent. This figure now incorporates the potential rent from redevelopment of existing assets into data centres, in addition to c.£100 million of potential rent from development of the landbank (which was previously reported with the FY23 results in February 2024).
5. Defining the importance of urban warehousing to growing cities
A discussion with Jules Pipe, Deputy Mayor of London, on the importance of urban warehouses to modern cities.
The presentations will be recorded and available at www.SEGRO.com/investors the day after the event.
Annual Report & Accounts and other information are available at www.segro.com/investors.
