SEGRO seeks to achieve superior total returns for its shareholders by:
- Providing a high standard of customer service and actively managing existing assets
- Achieving growth by driving a major development programme
- Actively recycling capital by selling mature assets and reinvesting the proceeds in new acquisitions and development opportunities
- Capitalising on the higher returns and lower borrowing costs available across Continental Europe
- Operating an efficient international tax structure.
SEGRO’s strategy for value creation is:
An Active Approach to Asset Management
- Strong customer focus
- Proactive leasing
- Ongoing refurbishment & redevelopment of our buildings
- Capital recycling.
Extracting Value-Adding Potential from Acquisitions
- Selecting income-producing assets which are undermanaged and/or can be developed
- Cultivating corporate partnering (sale and leaseback) transactions with income and scope for development
- Taking advantage of higher yields and lower borrowing costs in Continental Europe.
Driving our Development Programme
- Successfully executing the current programme under construction
- Preparing sites and seeking pre-lets to support development projects
- Acquiring new greenfield and brownfield sites for future development
Building Critical Mass in Existing Markets and Identifying New Markets for Growth
- Entering new business centres in specific growth areas at key infrastructure hubs
|
Development-Led Growth Momentum
- 604 hectare land bank
- More than 502,000 sq m of space under construction or expected to start in 2008
- £186.2 million of additional rental income at current rates when total development pipeline fully built and let
- £704.5 million current valuation, £1.6 billion future spend
|
Unless otherwise noted, figures quoted are as published with the latest financial results.