Aeroserve expands presence on the Slough Trading Estate

SEGRO plc (‘SEGRO’) has today announced it has completed a deal with existing customer, Aeroserve (MSP Limited), which is set to expand its presence on the Slough Trading Estate by taking an additional 27,396 sq ft of space at 159 Buckingham Avenue on a 10-year lease, to facilitate the growth of its business. Taking into account its existing two units on Malton Avenue, Aeroserve now occupies 54,732 sq ft on the Slough Trading Estate.

Aeroserve has been based at the Slough Trading Estate for 14 years and provides laundry services to over 100 Airlines and Hotels nationwide, working to serve customers seven days a week, 365 days a year.

Paul Lewis, Regional Director, Thames Valley and Data Centres, SEGRO said:

“Aeroserve is a long standing customer with a new strategy to expand and grow its business. We are very pleased to have been able to work with Aeroserve to identify an additional unit on the Estate to help support its growth and enabling them to serve their clients nationwide.”

Pritpal Purewall, Aeroserve said:

“We have been based on the Slough Trading Estate since 2003 and have been growing and taking additional units ever since. We were thrilled to work with SEGRO again to identify a new unit on the Estate which will help us develop and grow our business and serve our clients across with the UK. We now have a number of units on the Estate and hope to continue our relationship with SEGRO for many years.”

The Slough Trading Estate is home to over 350 companies, providing a variety of different businesses across the spectrum of British industry. The Estate is a popular location for businesses in the Thames Valley, having access to a large, skilled workforce within the catchment area which is set to expand following planned transport improvements including the opening of two Crossrail stations in 2019. SEGRO is committed to continually improving the onsite amenities for customers and to ensuring the Slough Trading Estate remains a market-leading location for businesses ranging from start-ups and SMEs through to national and multinational businesses.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.4 million square metres (69 million square feet) of space valued at £8 billion, serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.