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Britain’s commercial property market is in rude health – so is it time to buy in? Phil Oakley investigates.

Real-estate investment trust Segro (formerly known as Slough Estates) specialises in owning, managing and developing warehouses, industrial properties, out of town offices and data centres. Its properties, mainly located in the UK, have a market value of £4.1bn.

It also has warehouses and industrial properties in Europe, mainly focused on France, Germany and Poland.

Over the past decade, Segro was a serial underperformer compared with other quoted property companies. It was seen to be unfocused with too many low-quality assets [...]

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