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RNS Number : 7587Z SEGRO PLC 21 October 2026 21 October 2026 SEGRO SEGRO plc Trading Update SEGRO plc ( " SEGRO " or the " Group " ) today publishes a trading update for the period from 1 January 2026 to 30 September 20261 . David Sleath , Chief Executive , said : " SEGRO has continued to perform well during the third quarter . Demand - supply dynamics for modern and well - located industrial , logistics and data centre space remain supportive , enabling good progress with our letting of existing space , reversion capture and development signings . " KEY HIGHLIGHTS1,2 : . £ 70 million of new headline rent contracted year to date , 32 per cent higher than the prior year equivalent , £ 42 million of which is attributed to the existing portfolio and £ 28 million from development lettings . Average 43 per cent uplift on UK rent reviews , renewals and regears ( Group : 34 per cent , Continental Europe : 5 per cent ) as we continue to capture embedded mark - to - market rent potential in the portfolio . Occupancy increased 20bps to 94.7 per cent since HY 2026 and customer retention remains high at 80 per cent . Development completions so far in 2026 totalled 152,500 sq m of new space . This equates to £ 13 million of potential headline rent , 59 per cent of which has been secured by a pre - let or the leasing of speculatively developed space prior to completion . Development projects under construction or in advanced negotiations have grown further to £ 103 million of potential rent , two - thirds of which is associated with pre - lets . Negotiations ongoing for first fully fitted data centre in West London through our JV with Pure DC . Expect to sign pre - let with a major hyperscaler in the coming months , in line with our previous expectations . £ 223 million of disposals completed above book value so far in 2026 ( with £ 11 million of associated rental income ) and a further £ 57 million exchanged and due to complete by the end of the year . Discussions are progressing well on a new UK big box joint venture , expected to generate c . £ 500 million of net proceeds from seeding built assets and land , while deepening our investment capacity . Balance sheet remains strong , with LTV of 33 per cent and £ 1.2 billion of available liquidity . Shareholders approved the Scheme of Arrangement for the Prologis Recommended Best and Final Share Offer at a Court Meeting and General Meeting on 28 September . The combination remains subject to certain conditions and Prologis , assisted by SEGRO , is progressing the relevant regulatory processes . The transaction is expected to conclude in H1 2027 . 1 In this statement , space is stated at 100 per cent , whilst financial figures are stated reflecting SEGRO's share of joint ventures . Operational and financial figures are stated for the period to , or at , 30 September 2026 unless otherwise indicated