Who’d have thought sheds could be so interesting? Not just that, but profitable too; so profitable in fact, that owning and operating them has helped to propel Segro into the ranks of the FTSE 100 with a market value approaching £7.5 billion. In reality, of course, the word “sheds” doesn’t cover the half of it.
Segro may be more familiar to some under its previous name of Slough Estates, which it changed in 2007. It was established in 1920 when a group of businessmen bought a site on Bath Road in Slough covering nearly 26.2 million sq ft along with more than 1.8 million sq ft of workshops and vehicles that had been used in the First World War.
Today, Segro owns or manages 75