Reuters
British warehouse developer Segro on Thursday said industrial and logistics asset values are stabilising and signalled further improvement, as it reported a near-21% growth in first-quarter rental income. Warehousing specialists have outperformed the broader UK commercial property market, at a time when landlords remain wary of falling property values and tighter credit conditions. Real estate developers like Segro, which grappled with elevated costs and interest rates last year, are optimistic about higher rents and improved valuations for their properties, amid increased hopes of monetary policy easing in the near term.