Segro sees £23M in new rental deals in Q1

According to Segro, leasing activity remained resilient despite a more uncertain macroeconomic environment, with demand primarily driven by the logistics sector, e-commerce, and ongoing supply chain reconfiguration needs.

The £23 million in new rental income reflects both new lease agreements and renewals of existing contracts, with the company noting that rental levels continue to trend upward across key markets in Europe and the United Kingdom.

Segro’s management highlighted that investor appetite for high-quality logistics assets remains strong, particularly in locations where supply is constrained and demand is high. At the same time, the company continues to advance its development pipeline, focusing on modern, energy-efficient facilities.

As noted, limited land availability and increasing demand for high-specification warehousing are supporting long-term rental growth, strengthening the outlook for the company’s portfolio.

Segro remains optimistic about the remainder of the year, expecting that structural demand in the logistics sector will continue to underpin its performance, despite broader macroeconomic challenges.