SEGRO cuts vacancy rates in Brixton assets

SEGRO has reported a much reduced level of vacancy in the portfolio it acquired from Brixton.

When reporting its annual numbers for the year to 31 December 2010, Segro said it had reduced vacancy to 18.6%. Coull told Property Week the reduction in vacancy meant the business was “absolutely on track” to achieve its target of reducing vacancy in the Brixton portfolio to 15% by the end of 2012. They have made 245 lettings in the year.

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