New SEGRO lease drives efficiency with Group of South London NHS Hospitals
SEGRO, a leading owner, manager and developer of modern warehouses, industrial property and data centres, has signed an agreement with the NHS pathology network covering south west London to lease 18,444 sq ft of warehouse space at SEGRO Park Redhouse Road in Croydon, South London
The space, comprising two units, will be occupied by a hospital network including St George’s University Hospitals NHS Foundation Trust, Epsom and St Helier University Hospitals NHS Foundation Trust, Croydon Health Services NHS Trust and Kingston and Richmond NHS Foundation Trust, and will serve as a state-of-the-art pathology hub with laboratory space for testing samples collected from approximately 400 doctor’s practices across the Surrey, south and south west London region.
The facility aims to centralise the testing processes for hospitals around the region, driving efficiency and enabling accelerated turnaround times for GP test samples, with results returned to GPs significantly faster than at present. This will reduce pressure on existing hospital pathology labs, drive cost savings and ultimately release space within the existing NHS estate.
Alex Keith, Director, London at SEGRO, said:
“SEGRO’s purpose is to create the space that enables extraordinary things to happen and this is an absolute exemplar of this in action. This new state-of-the-art facility serving the wider South London area will enable significant operational efficiency and cost savings for the various NHS trusts through the centralisation of critically important pathology services. Whether reducing pressure on existing laboratories, increasing testing volumes, accelerating turnaround times or driving down cost per test, this is fantastic example of the versatility and positive benefits that well located, sustainable modern warehouses like SEGRO Park Redhouse Road can deliver.”
Simon Brewer from South West London Pathology, said:
“We are always focused on delivering high-quality care with the best outcomes, while using our resources efficiently and improving how services are organised. This space is a key part of how we are delivering this in south west London, supporting more efficient laboratory operations, training opportunities and ultimately faster, more reliable results for both clinicians and patients.”
SEGRO Park Croydon Redhouse Road is located just 10 minutes from Croydon Town Centre and ten miles from both Central London to the North and the M25 to the South, providing excellent accessibility and transport options across the region. The development comprises seven high quality, BREEAM Excellent units, with the remaining units ranging from 9,155 to 83,827 sq ft. These premium units have an EPC A rating.
The scheme also incorporates a range of sustainability features, including photovoltaic panels on each unit to provide lower carbon energy and reduced energy costs, as well as electric vehicle charging points and cycle shelters to support customers and their employees on their transition to make more sustainability journeys.
The lease follows a recent agreement with a leading wholesale and retail grocer, further highlighting the continued strong demand from a diverse occupier base for high-quality, well-connected workspace in a prime south London location.
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris. The company owns, manages and develops modern warehousing, industrial property and data centres across the UK and seven other European countries, with a portfolio of 10.9 million square metres of space (117 million square feet) valued at £22.0 billion.
Founded in 1920, SEGRO's active approach to asset management and disciplined approach to capital allocation has created a portfolio of high-quality, sustainable buildings in some of Europe's largest cities and at key transport and digital infrastructure hubs.
From big-box logistics to urban warehousing and data centres, SEGRO creates the space that enables extraordinary things to happen. It provides the infrastructure of modern economies and everyday life, enabling efficient, low-carbon supply chains and digital connectivity across Europe, helping drive growth and job creation. This space supports a diverse customer base including retailers, manufacturers, logistics providers and technology companies.
SEGRO’s is committed to being a force for societal and environmental good, prioritising Championing low-carbon growth, Investing in local communities and environments, and Nurturing talent.
For more information, visit www.SEGRO.com.