SEGRO (SGRO)

Down
Share Price:
960.80p
Market Cap:
£13,010m
Change Today:
-6.80p
Sector:
Property Investment Trusts

Segro signs three new leases in Coventry

By Josh White

Date: Wednesday 15 Jul 2026

LONDON (ShareCast) - (Sharecast News) - Segro said in an update on Wednesday that it has signed three new leases totalling around 540,000 sq ft at Segro Park Coventry, including pre-lets with Volvo Group UK and DIRKS Consumer Logistics, alongside a lease with GigaCloud Technology for a completed speculative warehouse.
The FTSE 100 firm said the agreements will generate £6m of annual rent and form part of the £53m of new headline rent secured during the first half, with almost 1.7m sq ft of the 3.7m sq ft development now leased.

The logistics property group said Volvo's 91,000 sq ft distribution centre and DIRKS' 306,000 sq ft warehouse are due to become operational in 2027, while GigaCloud has taken a 140,500 sq ft unit.

Head of national markets Dan Holford said the deals reflected "strong momentum" at SEGRO Park Coventry and across the group's UK big box portfolio, highlighting continued demand for well-located logistics space.

At 0923 BST, shares in Segro were up 0.05% at 861p.

Reporting by Josh White for Sharecast.com.

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SEGRO Market Data

Currency UK Pounds
Price 960.80p
Change Today -6.80p
52 Week High 997.40p
52 Week Low 604.40p
Volume 2,068,624
Shares Issued 1,354.09m
Market Cap £13,010m

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