Case Studies

UK

Savvis, Slough Trading Estate

Access to secure data storage is important for a number of our customers and SEGRO is now the UK’s leading provider of this specialised accommodation. When Savvis, a leading global IT Infrastructure Service Provider and a long-standing customer based at Winnersh Triangle, needed to expand, they were able to stay with SEGRO by also taking this newly-completed building on Slough Trading Estate. The property comprises 5,700 sq m of floor space and a fixed mezzanine floor within the warehouse area.

Thanks to the Estate’s Specialised Planning Zone (SPZ) status, SEGRO was able to facilitate a speedy change-of-use to data centre occupation and, because of the on-site power station, deliver secure and fast access to the power required.

Bath Road Retail Park, Slough

The Bath Road Retail Park was sold to The Crown Estate for £92 million in June 2008. Located within the south-west corner of the Slough Trading Estate, the retail park is currently occupied by ten national retail chains including Next, JJB Sports, Mothercare, Argos and B&Q Warehouse. Disposing of this non-core activity allowed SEGRO to focus on its core assets and the provision of Flexible Business Space.

O2 UK Headquarters, Slough Trading Estate

The new UK headquarters fof O2 is based on Bath Road and represents one of the most modern office buildings on Slough Trading Estate. The building totals
10,300 sq m and was completed in December 2008 after 17 months of construction. Design features of the building include significant measures to reduce energy and water consumption, resulting in a BREEAM rating of Very Good and an EPC rating of B which further demonstrates SEGRO’s commitment to the environment.

Harris Systems, Winnersh Triangle

Harris Systems has been a customer of SEGRO since 1982 at Winnersh Triangle. In March 2007, we signed a deal to build a new 6,740 sq m office building. A ground-breaking ceremony was held in June 2008 to mark the start of construction of the new building. Phase 1 is on schedule for completion in Q1 2010.

Heywood Distribution Park, Manchester

Heywood Distribution Park is one of the UK’s largest distribution parks in single ownership at over 79 ha and a major distribution hub for occupiers such as Argos, Bibby Distribution and Eddie Stobart. Ideally situated just one mile from junction 3 of the M66 and two miles from junction 18 of the M62, the Park comprises units from 160 sq m to 46,400 sq m.

Waterside House, Uxbridge

Acquired in 2005, the Uxbridge Estate totals 15,972 sq m. It is home to a number of companies including Manpower plc, Aristocrat Technologies and Lion Apparel Systems Ltd. Waterside House forms the centrepiece to the Estate. In 2008, the building was 100 per cent leased to two customers: Xerox, who took 950 sq m and Cleanevent UK, who leased 900 sq m.

Europe

Ernst & Young Office, Pegasus Park, Brussels

The new Ernst & Young HQ built-to-suit office is located on Pegasus Park at Diegem near Brussels Airport. With 17,081 sq m of lettable space spread over nine floors, the building comprises offices, meeting rooms, a fully-equipped kitchen, a staff and VIP restaurant, business centre, reception and car parking. Started in March 2007, construction was completed in August 2008 and the building let on a 15-year lease. It is the first true green and intelligent office building in the outskirts of Brussels and incorporates solar panels, energy-saving lighting, radiant cooling ceilings, rainwater recovery and uses 100 per cent green energy.

Tulipan Park Prague, Czech Republic

The land for Tulipan Park Prague was acquired in December 2005 as part of the €19 million purchase of the Central European property development arm of Grontmij. The Park was completed in 2009 and comprises 70,000 sq m of lettable accommodation of which 78 per cent is now occupied. The Park’s occupiers are leading domestic and international companies including Kuehne Nagel, Expeditors and SiG.

Vendel Park, Hungary

The land for Vendel Park also came into the SEGRO portfolio in December 2005 as part of the Grontmij acquisition. Phase 1 of the Park was completed in 2007 and has been fully let since February 2008. Phase 2 of the Park was completed in June 2008 and is now 85 per cent let. The Park’s occupiers comprise leading Hungarian and international companies including GEFCO, Puma, Eurogate, Muller and Grundfos. Vendel Park was sold in November 2008 to SEB Investment GmbH for €20 million.

Am Martinszehnten, Frankfurt

The land was acquired in December 2002 and the first phase of 8,300 sq m development was completed in 2007. Phase 2 of the development is currently under construction with 5,900 sq m to be completed in 2009.

Tulipan House, Warsaw

Tulipan House, an Office Development Trading Property, comprises a total of 18,000 sq m of office accommodation and is located in Mokotow, Warsaw’s main decentralised office location. Land for the development was acquired in December 2005 as part of the Grontmij transaction and construction on the project was completed in June 2008. Tulipan House was sold in June 2008 for €59 million to Commerz Real at an initial yield of 5.9 per cent. At the date of sale, the property was 90 per cent leased.

St Denis, Portes de France, Paris

St Denis, a Development Trading Property, includes two offices close to the Stade de France on the A86. It has a total built area of 26,500 sq m and also features 400 parking spaces. St Denis was completed in Q3 2008 as a 50/50 joint venture with Capital and Continental. The property was pre-sold in December 2006 to CGI.