News / Tumbling property value growth impacts warehouse specialist Segro's profits

17/02/2017

Resilient demand for warehousing space was not enough to stop property developer Segro recording a 37.9% year-on-year decline in profits.

The company’s pre-tax profits fell to $531m compared with $856m in 2015.

The main barrier to profit growth was slower growth of property values; the firm’s portfolio growth fell from a $547m increase ...

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