East Midlands Gateway operator posts record results
Industrial real estate firm Segro says it’s well positioned for further growth after posting £99m of new contracted rent commitments and 6% growth in like-for-like net rental income during the 12 months ending 31 December.
Announcing its results earlier today, the firm said development completions had added £29m of potential new headline rent, 93 per cent of which is already leased, delivered at a development yield of 8.2 per cent.
The firm operates the 700-acre East Midlands Gateway railfreight hub near Castle Donnington, which is home to a number of high-profile tenants including Amazon, DHL, and XPO.
Commenting on the results David Sleath, chief executive of SEGRO, said: “SEGRO delivered a strong performance in 2025. We signed a record level of new rent through the excellent asset management of our existing portfolio and the signing of several large pre-lets, particularly in the second half of the year as structural drivers started to re-assert themselves and demand picked up.
“This momentum has continued into 2026 and we take confidence from the increased enquiry levels and active negotiations that we are having with a diverse range of industrial, logistics and data centre occupiers for both new and existing space.”
