On 11 June 2024, SEGRO hosted an Investor & Analyst Event 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, opened the event, which featured presentations by senior members of the SEGRO management team as well as the JLL Industrial and Logistics team. The presentations covered the following topics:
- Defining the urban warehouse market
Jon Sleeman and Tessa English from the JLL Industrial and Logistics team presented the findings of their recent study of urban warehouse space in Greater London. - SEGRO’s urban strategy
Summary of SEGRO’s strategy for urban warehouses in the UK and Continental Europe. - Defining the customer base
Insights into who uses our urban warehouse space, followed by a panel discussion with some of our customers. - 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). - 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.
To watch the recording of the presentation and to hear from our expert speakers, please click the link below.