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SEGRO plc ('SEGRO') has today announced that it has fully let its Navigation Park development in Enfield, with UK Mail, one the UK’s leading integrated postal operators signing a 10-year lease on the last remaining 70,000 sq ft unit.

Navigation Park is the first certified ‘carbon neutral’ industrial scheme in London, meaning the building produces more energy than it uses. The development comprises three speculative units, which reached practical completion last year. Unit 1 was let off-plan to Camden Town Brewery in April and Unit 3 was let to Caesarstone (UK) Ltd, manufacturers of stone surfaces made of quartz.

Alan Holland, Business Unit Director for Greater London, SEGRO said:

“We’re delighted to build on our existing relationship with UK Mail, part of the Deutsche Post DHL Group, which is our largest customer in multiple locations within our portfolio. Navigation Park’s prime position and direct access to the M25/North Circular make it the ideal location for UK Mail to carry out its deliveries across the Capital.”

Paul Hutchinson, Head of Property, UK Mail, said:

“Navigation Park is ideally located and enables us to service London and beyond and fulfil our last-mile delivery requirements. We have worked with SEGRO before and we’re pleased we could work with them again to secure this letting, particularly in an energy efficient unit.”

Navigation Park consists of 173,130 sq ft of Grade A warehouse and is a prime logistics location in Enfield, with direct access to the M25/North Circular Road.

 

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 6.3 million square metres (68 million square feet) of space valued at over £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.

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