SEGRO lets over 250,000 sq ft of industrial space in Greater London portfolio
Trio of lettings equals 255,000 sq ft of space let. Single largest pre let in a decade at SEGRO Park Heathrow. Two new signings at North Feltham Trading Estate
Over 250,000 sq ft has been let across two assets in SEGRO’s Greater London portfolio close to Heathrow Airport, underlining the strength of demand for industrial space in close proximity to the UK’s hub airport.
DO & CO, a gourmet entertainment and airline catering company, has signed a pre let for a 172,000 sq ft building on a 25 year agreement at SEGRO Park Heathrow. The company, which operates worldwide with a focus on Continental Europe, USA and Asia will use the facility for production and distribution for their airline catering.
Subject to planning consent, construction of the building will begin in Autumn 2018. It is the single largest letting in SEGRO’s Greater London portfolio in the last decade and is a new customer to the Group.
Gottfried Neumeister, Chief Operations Officer, DO & CO:
“This new facility is integral to the future growth our business in the UK, not only providing the UK and international connectivity we need, but also placing us in close proximity to our airline customers. We see this as another milestone in our ongoing commitment to our UK business and feel we have found a real partner for our UK growth vision in SEGRO.”
In addition there are two new signings, both for ten years, at SEGRO’s North Feltham Trading Estate.
Options, a European events company, will occupy a 30,400 sq ft industrial unit at 602 Central Way, which will serve as its UK headquarters. In addition, Uniserve, a UK-based logistics company, has agreed terms to occupy 53,000 sq ft at Central House.
Alan Holland, Business Unit Director, Greater London at SEGRO:
“This is a flying start for 2018 during which we have seen great leasing momentum across our Greater London portfolio where demand continues to outstrip supply.
“We welcome DO & CO to SEGRO and look forward to supporting them grow their business from their new facility. We also look forward to welcoming Options Ltd and Uniserve to North Feltham Trading Estate.”
SEGRO Park Heathrow and North Feltham Trading Estate are both located within three miles of the Heathrow Cargo Terminal and provide outstanding connectivity both domestically by road, with the M4, A40, M40, M25 and M3 all within easy reach, and internationally via the UK’s hub airport.
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 6.7 million square metres of space (72 million square feet) valued at over £9 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.
See www.SEGRO.com for further information.