Strategic report
CEO statement
A Q&A with David Sleath
Play FilmDavid Sleath, CEO, covers the following topics:
- SEGRO’s performance in 2023.
- Enduring structural tailwinds benefiting the industrial and logistics sector.
- How the users of industrial space have changed over the past decade.
- Three things that are underappreciated about SEGRO.
- Priorities for 2024.
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Supportive structural trends
We are focused on the industrial and logistics sector where there are long-term structural trends driving occupier demand from a diverse range of sectors
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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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Restricted land availability limits supply response
Biased towards urban warehousing where there are significant barriers to entry due to land supply and increasingly challenging planning regimes
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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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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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Strong balance sheet
A balance sheet with modest leverage and a diverse, long-duration debt profile that provides us with plenty of firepower
Space for collaboration
Space for collaboration
Play FilmProgress through partnership in East London
Our market-leading operating platform, with local networks across Europe, is crucial to the development of strong relationships with local authorities and stakeholder groups.
One such relationship is the East Plus partnership, which was established in London in 2016 and last year celebrated its halfway point. This partnership aims to revitalise 86 acres of industrial land across the London boroughs of Newham, Havering, and Barking and Dagenham and is a collaboration between SEGRO and GLA Land and Property (GLAP).
Since the partnership’s inception, investment of over £120 million has delivered almost 60,000 sq m of sustainable industrial space for 50 businesses, ranging from SMEs to major corporates. Beyond physical site delivery, East Plus has broader regeneration goals including upskilling the workforce, inspiring younger generations, and supporting community projects. Our community investment programme has helped over 4,700 residents to develop the skills and confidence to reach their full potential, assisted 157 unemployed people into work, and supported 29 charities.
Collaboration, adaptability, experience, and a passion for delivering excellence in everything, forms the basis for the partnership and its extraordinary progress and success to date.
Q&A with Andy Harrison
Q&A with Andy Harrison
Play FilmIn this Q&A with Andy Harrison, Chair, he discusses:
- SEGRO's performance in 2023.
- Board focus on talent development throughout the organisation during the year.
- The role of the Board in protecting and creating shareholder value.
- What our Purpose and Values mean to the Board.