Knowing when you’ve come too late to the party is up there with pinpointing just when to bank your gains as one of the more underappreciated challenges confronting investors. For those thinking about taking a punt on Segro, the warehouse landlord, the biggest call is judging whether future growth in rents and the value of its assets will be enough to justify the level of the premium in the share price.
The FTSE 100 group, formerly known as Slough Estates, was established a century ago when its founders set up a trading estate in the Berkshire town. Since then it has become the largest industrial developer and landlord in Europe and has overtaken Landsec, the office landlord, to become the largest property group listed
