Slough Trading Estate rounds off bumper year with new letting
SEGRO has rounded off a busy and successful year at Slough Trading Estate by agreeing a new lease with a long-standing customer which is expanding its operations on the Trading Estate.
Hanovia, which has been based on the Trading Estate for almost 100 years and provides chemical free, ultraviolet disinfection systems for water treatment, has leased an additional 9,000 sq ft of speculatively built, carbon positive space on Malton Avenue, adding to its existing 20,000 sq ft facility on Buckingham Avenue.
Alex Langston, Director of Operations and Innovation, Hanovia, said:
“Slough Trading Estate has been our home for almost 100 years and is not only the engine room of our business, but also part and parcel of the company’s heritage and culture. We were attracted to our new building in particular because of its sustainable features, which will be compliment by our own sustainable practices during the fitout process. The unit has been fitted out with sensors that will provide data collected from the building such as temperature levels, sound, pressure, energy usage and air quality, which will enable us keep operational efficiency, environmental sustainability and employee wellbeing at the forefront of how we run our business.
“We have enjoyed a fantastic relationship with SEGRO, who have been very supportive in accommodating our growth on the estate, and we’re already looking forward to moving into our new premises.”
The lease represents a fitting end to a year which has seen SEGRO welcome a range of new customers to Slough Trading Estate, while agreeing new leases with a number of existing customers which continue to grow their operations. These include:
- Octopus Energy signed a 10-year lease for a 24,076 sq ft unit on Bedford Avenue, one of three speculative developments that reached practical completion last year. Octopus Energy will use the facility to research and develop clean heating technologies and to train staff. The unit has been developed to high sustainability standards, achieving the environmental rating of BREEAM Excellent.
- Medical aesthetics company Cynosure agreed a four-year lease for a 3,000 sq ft warehouse on Plymouth Road, which will be used as a service centre to support its customer base with spare parts and engineering, as well as for the storage and distribution of its medical equipment.
- Data centre design and fit out specialist Datalec Precision Installations agreed a five-year lease for a unit located on Edinburgh Avenue. The deal demonstrates how the data centre cluster is attracting additional business and creating new jobs in the Thames Valley.
- Engineering Support Solutions UK (ESS), which provides a responsive service to a variety of utility, manufacturing, construction, and facilities maintenance organisations. It has been located on the Trading Estate for over six years and due to an increase investment into the company’s wastewater division, it has moved from a 2,000 sq ft unit to a 5,000 sq ft unit on Oxford Avenue, so that it can service all their clients from a centralised office/workshop.
- Benjamin Moore, a paint manufacturer also located on Oxford Avenue, has moved into a 6,500 sq ft unit from a 3,500 sq ft unit with a new five-year lease being agreed.
James Craddock, Managing Director, Thames Valley at SEGRO, said:
“2021 has been an exceptionally busy year for Slough Trading Estate, with our new customers and growth of existing businesses illustrating the strong ongoing demand for modern industrial space in the Thames Valley.
“The vacancy rate is at record low levels and we are working hard to evolve and modernise the buildings, facilities and infrastructure on the Trading Estate to ensure that it is a location of choice for businesses in the Thames Valley for a diverse range of businesses.”
The year has also seen those working on the Trading Estate benefit from a range of new amenities and features, including a new multi-storey car park on Bedford Avenue. In keeping with the company’s Responsible SEGRO commitment to championing low carbon growth, the car park incorporates extensive LED lighting and features a seven-metre-tall green wall on two elevations of the structure, which is watered through harvesting rainwater.
Slough Trading Estate is the largest privately-owned business park in single ownership in Europe. Over one third of the estate is less than 10 years old. The vacancy rate is just over two per cent, with the remainder being leased to a mix of small and large businesses, across a diverse range of industry sectors. Local amenities including high street banks, restaurants, shops, fitness facilities and healthcare centres are all within easy reach on the estate, creating a vibrant business community for occupants.