Segro posts a rise in its property value as it eyes future industrial development

Segro posts a rise in its property value as it eyes future industrial development

first_img INDUSTRIAL landlord Segro posted a slight rise in the value of its properties yesterday and aims to restart new developments amid returning interest from potential tenants.Segro, which has about two-thirds of its properties in the UK and the rest across continental Europe, said its portfolio value grew 1.4 per cent in the first half, with a 2.5 per cent rise in the UK offsetting a 1.4 per cent drop on the continent.The group said its adjusted net asset value per share edged up to 366p at the end of June 2010, from 362p at the end of December 2009, while net rental income rose 11.3 per cent to £144.3m from a year ago.“We’ve seen capital values stabilising on average across continental Europe, but within that Spain and Hungary still struggle,” Segro chief executive Ian Coull said.Segro said it is receiving interest from prospective tenants, such as data centres, manufacturers, and companies seeking alternative office space, prompting it to restart its development schemes. The new developments, to be built on Segro’s existing landbank, is expected to add 155,000 square metres of space and involve £145m of capital expenditure, to be paid for with existing credit facilities, the company said.It agreed to £271m of new and extended bank facilities in the first half. Thursday 26 August 2010 7:53 pm whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Share Segro posts a rise in its property value as it eyes future industrial development center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Show Comments ▼ whatsapp KCS-content Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *