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Segro PLC on Tuesday said it has signed a pre-let development agreement with an unnamed ‘major international retailer’ for a distribution centre in Germany. The London-based property developer said the agreement is for an 86,000 square metre distribution centre in the Rhine-Ruhr region. ‘The warehouse will be built to the highest of sustainability standards, offering the occupier the most modern, energy efficient space for their operations, and will also prioritise employee wellbeing,’ Segro said. Construction is expected to start in spring 2026 for completion in mid-2027. ‘We are delighted to have secured a pre-let commitment for the largest plot on one of our newest development schemes in Germany,’ said Marco Simonetti, continental Europe managing director at Segro. ‘It demonstrates that our strategy to develop in the most prime locations, combined with our strong customer relationships and focus on building quality, sustainable spaces, gives us a competitive advantage and positions us well to attract the most sophisticated and exacting occupiers.’ Shares in Segro were up 1.2% at 718.96 pence on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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