Strategic report
CEO statement
FY24 update with David Sleath
Play FilmDavid Sleath, CEO, covers the following topics:
- SEGRO’s performance in 2024 and the outlook for 2025
- Emerging market trends
Our strategy and business model
Our simple but effective business model and the consistent application of our clear strategy have created a portfolio of irreplaceable pan-European warehouses and data centres, as well as an exceptional land bank.
They are expertly managed by our industry-leading operating platform that drives growth and unlocks value. This is particularly valuable in a sector where powerful, long-term structural drivers support demand for our space and limit competition.
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Supportive structural trends
We are focused on the industrial sector where there are long-term structural trends driving occupier demand from a diverse range of business sectors
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Restricted land availability limits supply response
Weighted towards urban warehousing where there are significant barriers to entry due to land supply and increasingly challenging planning regimes
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Market-leading pan-European operating platform
Our teams on the ground in each market build close relationships with our customers and other business partners, helping us to drive value and create new opportunities
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Prime portfolio of existing assets
One of the most modern and sustainable pan-European portfolios focused on the most attractive European markets
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Exceptional land bank for development
Our extensive land bank is a rare and valuable asset and an important source of growth, both in terms of the physical assets that it allows us to develop and the rental income that those buildings generate
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Strong balance sheet
A balance sheet with modest leverage and a diverse, long duration debt profile that provides us with plenty of capacity for investment
SEGRO owns, manages and develops modern and sustainable industrial spaces across Europe
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Urban warehouses
Modern, flexible spaces that meet the needs of ambitious cities
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Big box warehouses
Transforming supply chains
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Data centres
Real estate to support the digital economy
2% other users of industrial land
Urban warehouses
Supporting the growth of high performing cities with modern, flexible spaces that meet the needs of ambitious cities
Learn more about what this means in practice at SEGRO Park Berlin Airport
Big box warehouses
Transforming supply chains by creating logistics parks for the future
Learn more about what this means in practice at SEGRO Logistics Park East Midland Gateway
Data centres
Providing the real estate needed to support the digital economy
Learn more about what this means in practice on the Slough Trading Estate