REG-SEGRO PLC SEGRO plc Investor & Analyst Event: Defining the Urban Warehouse Opportunity

SEGROAnnouncement

11/06/2024 07:00

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SEGRO plc Investor & Analyst Event: Defining the Urban Warehouse
Opportunity

 

SEGRO plc (“SEGRO” or the “Group”) is hosting an Investor &
Analyst Event today 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, will open the event, which will feature presentations by
senior members of the SEGRO management team as well as the JLL Industrial and
Logistics Research team. There will also be a customer panel with
representatives from John Lewis, Royal Mail and RD Content, as well as a panel
including the Deputy Mayor of London, Jules Pipe.

The presentations will cover the following topics:

1. Defining the urban warehouse market

Jon Sleeman and Tessa English from the JLL Industrial and Logistics research
team will present the findings of their recent study of urban warehouse space
in Greater London.

2. SEGRO’s urban strategy

Summary of SEGRO’s strategy for urban warehouses in the UK and Continental
Europe.

3. Defining the customer base

Insights into who uses our urban warehouse space, followed by a panel
discussion with some of our customers.

4. 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).

5. 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.

The presentations will be recorded and available at www.SEGRO.com/investors
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.SEGRO.com%2Finvestors&esheet=54045411&newsitemid=20240610880824&lan=en-US&anchor=www.SEGRO.com%2Finvestors&index=1&md5=6d9dca14d86e9c7cc8146b36b2ae3bee)
the day after the event.

SEGRO’s Annual Report & Accounts and other information are available at
www.segro.com/investors
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.segro.com%2Finvestors&esheet=54045411&newsitemid=20240610880824&lan=en-US&anchor=www.segro.com%2Finvestors&index=2&md5=43a187f2a87c0d8a4e0c1ffc57cf893c)
.

Neither the content of SEGRO’s website nor any other website accessible by
hyperlinks from SEGRO’s website are incorporated in, or form part of, this
announcement.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock
Exchange and Euronext Paris, and is a leading owner, manager and developer of
modern warehouses and industrial property. It owns or manages 10.4 million
square metres of space (112 million square feet) valued at £20.7 billion at
31 December 2023, serving customers from a wide range of industry sectors. Its
properties are located in and around major cities and at key transportation
hubs in the UK and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses, used primarily
for regional, national and international distribution hubs, to urban
warehousing located close to major population centres and business districts,
it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to
SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on
three long-term priorities where the company believes it can make the greatest
impact: Championing low-carbon growth, Investing in local communities and
environments and Nurturing talent.

See www.SEGRO.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.SEGRO.com&esheet=54045411&newsitemid=20240610880824&lan=en-US&anchor=www.SEGRO.com&index=3&md5=736402b62c9db5ccdf07800b1525370f)
for further information.

Forward-Looking Statements: This announcement contains certain forward-looking
statements with respect to SEGRO's expectations and plans, strategy,
management objectives, future developments and performance, costs, revenues
and other trend information. All statements other than historical fact are, or
may be deemed to be, forward-looking statements. Forward-looking statements
are statements of future expectations and all forward-looking statements are
subject to assumptions, risk and uncertainty. Many of these assumptions, risks
and uncertainties relate to factors that are beyond SEGRO's ability to control
or estimate precisely and which could cause actual results or developments to
differ materially from those expressed or implied by these forward-looking
statements. Certain statements have been made with reference to forecast
process changes, economic conditions and the current regulatory environment.
Any forward-looking statements made by or on behalf of SEGRO are based upon
the knowledge and information available to Directors on the date of this
announcement. Accordingly, no assurance can be given that any particular
expectation will be met and you are cautioned not to place undue reliance on
the forward-looking statements. Additionally, forward-looking statements
regarding past trends or activities should not be taken as a representation
that such trends or activities will continue in the future. The information
contained in this announcement is provided as at the date of this announcement
and is subject to change without notice. Other than in accordance with its
legal or regulatory obligations (including under the UK Listing Rules and the
Disclosure Guidance and Transparency Rules of the Financial Conduct
Authority), SEGRO does not undertake to update forward-looking statements,
including to reflect any new information or changes in events, conditions or
circumstances on which any such statement is based. Past share performance
cannot be relied on as a guide to future performance. Nothing in this
announcement should be construed as a profit estimate or profit forecast. The
information in this announcement does not constitute an offer to sell or an
invitation to buy securities in SEGRO plc or an invitation or inducement to
engage in or enter into any contract or commitment or other investment
activities.

Neither the content of SEGRO's website nor any other website accessible by
hyperlinks from SEGRO's website are incorporated in, or form part of, this
announcement.

CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES:

SEGRO

Soumen Das (Chief Financial Officer) Tel: +44 (0) 20 7451 9110

Claire Mogford (Head of Investor Relations) Tel: +44 (0) 20 7451 9048

Gary Gaskarth (External Communications Manager) Tel: +44 (0) 20 7451 9069

FTI Consulting

Richard Sunderland / Eve Kirmatzis Tel: +44 (0) 20 3727 1000



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