While other British developers put up shopping malls, Segro’s boss opted for storage. Now it’s soaring in the online shopping boom
Forget shining skyscrapers, gleaming office blocks or swanky shopping centres; in commercial property, big sheds are where it’s at. Warehouses may not be sexy, but they’ve proved extremely lucrative in the surging world of e-commerce.
Most consumers won’t have heard of Segro, but it will have touched their lives. Items they use every day may have passed through its warehouses: vast landmarks of an online boom that has made it Britain’s most valuable property company.
