SEGRO signs lease with leading wholesale and retail grocer to support South London expansion
SEGRO, a leading owner, manager and developer of modern warehouses, industrial property and data centres, has signed an agreement with a leading wholesale and retail grocer, to lease a new 28,000 sq ft unit at SEGRO Park Redhouse Road, Croydon, South London
The business is a large wholesaler, supplying convenience stores, grocers, restaurants and other businesses with over 8,000 fast-moving consumer goods products. Currently based in West London, it has selected SEGRO Park Redhouse Road as its base in Croydon to support its expansion into the South London market.
Like many businesses, the company is responding to the demands created by the area’s high population density, a growing customer base of local businesses and excellent transport links. This latest leasing activity also reflects continued confidence in the strength and appeal of the Croydon industrial market, with high quality, expansion led moves signalling growing occupier demand across the borough.
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. It 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.
This new, high-spec scheme in Croydon 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 sustainable journeys.
The development is one of three facilities owned and managed by SEGRO in the Croydon area, with SEGRO Park Purley Way and SEGRO Park Beddington Lane located on prime sites with excellent transport links across South London.
Alex Keith, Director, London at SEGRO, said:
“We are pleased to welcome our newest customer to SEGRO Park Redhouse Road and to support their continued growth and expansion of operations into South London.
“As London’s most populated borough with excellent transport connectivity, Croydon remains an attractive proposition for occupiers looking to service South London and beyond. SEGRO’s unrivalled portfolio of modern, adaptable industrial space in Croydon is perfectly positioned to enable a broad range of businesses and sectors to take advantage of the growth opportunity and to scale efficiently.”
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 10.8 million square metres of space (116 million square feet) valued at £21.4 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.