SEGRO welcomes Royal Mail to SEGRO Park Deptford
SEGRO has agreed a lease with Royal Mail for a new delivery office at SEGRO Park Deptford in South East London, replacing the company’s existing facility at Creek Street.
The lease will see Royal Mail occupy two recently refurbished units, totalling over 9,000 sq ft. The new facility will include a customer service point as well as a larger space for delivery services, vehicles and provides a more modern workplace for the company’s employees.
The deal strengthens Royal Mail’s relationship with SEGRO – one of the business's biggest customers. Royal Mail already occupies several units on SEGRO estates including Axis Park, between the M4 and Heathrow Airport, Premier Park in Park Royal and SEGRO Park Tottenham.
The comprehensive refurbishment of the two units includes the provision of new cladding and the installation of photovoltaic panels, a green wall and electric vehicle charging points. These sustainability features are in line with the company’s Responsible SEGRO commitment to champion low carbon growth as well as Royal Mail’s plans to reduce carbon emissions and reach net zero by 2040.
James Craddock, UK Managing Director at SEGRO, said:
“Royal Mail is SEGRO’s third largest customer, capitalising on our market-leading offering of big box and urban spaces in prime locations. It’s great news that it has chosen to add SEGRO Park Deptford to its portfolio for a new delivery office.
“The refurbishment is a good example of how we are taking opportunities to upgrade established locations in our portfolio to maintain high standards of quality and meet the changing requirements of our customers, particularly around sustainability.”
Stephen Molloy, Regional Operations Director at Royal Mail, said:
“This is an excellent opportunity for us to move to an up-to-date facility and improve the working environment for our people. We hope to have transferred to the new location by end of September.”
SEGRO Park Deptford is now over 80% let with just three units remaining vacant, totalling 11,913 sq ft. The estate is already home to a wide range of companies including Smith & Brock – a wholesale supplier of fresh fruit and vegetables to restaurants, hotels, pubs and schools across London; the Felix Project – a charity that fights food waste and hunger in the capital and Tier – an electric bike and scooter company.
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.3 million square metres of space (110 million square feet) valued at £21.0 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 seven other European countries.
For over 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.
A commitment to be a force for societal and environmental good is integral to SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.
Striving for the highest standards of innovation, sustainable business practices and enabling economic and societal prosperity underpins SEGRO’s ambition to be the best property company.