SEGRO secure 60,000 sq ft letting at SEGRO Park Bracknell
The final speculatively developed unit at SEGRO Park Bracknell has been successfully let, just weeks after reaching practical completion, during the coronavirus lockdown.
The pace at which the unit was leased is an example of the strong demand for well located, modern and sustainable space in an era where the need for efficient logistics has never been greater.
Since 2017, SEGRO has completed over 180,000 sq ft of speculative development at SEGRO Park Bracknell. In 2017 Midwich, a distributor of audio-visual technology, leased a 31,634 sq ft unit and leading tyre wholesaler Bond International taking a 90,000 sq ft unit in 2019.
In addition to the speculative developments, there are two further plots that offer the flexibility for design and build projects totaling over 200,000 sq ft of additional warehouse space.
SEGRO Park Bracknell fronts onto the A3095 dual carriageway and provides exceptional access to the UK road network via the M4 and M3.
James Craddock, Business Unit Director for Thames Valley, SEGRO, said:
“The speed of this deal – especially during these unprecedented times - is testament to the pressing demand from logistics operators looking for high quality space that is located close to population centers and with direct access to key transport routes, like the M4 and M3 motorways.
“We’re proud that we’ve leased all three speculative units and continued to bring commerce to the Bracknell region and look forward to delivering the remaining design and build opportunities.”
SEGRO Park Bracknell is located adjacent to the UK headquarters of Waitrose as well as buildings occupied by world-class businesses Boehringer Ingelheim, a world leading pharma-ceutical company, and Fujitsu, a leading provider of IT products and services.
SEGRO is a UK Real Estate Investment Trust (REIT) and listed on the London Stock Exchange in the FTSE 100 index. It is a leading owner, manager and developer of modern warehouses and light industrial property with a portfolio comprising 8 million square metres of space (86 million square feet), valued at £12.2 billion. Its assets are positioned strategically at locations in the UK across London and the South-East and Midlands regions, while in Continental Europe it has developments in France, Germany, Italy, Poland, Spain, The Netherlands and the Czech Republic.
For 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.