UK logistics property REIT Segro has taken a step forward in its growth strategy in the inner London markets with the acquisition of a 1.7-acre site in Stratford, East London.
The site has been purchased off-market from a private seller for an undisclosed fee and will be transformed into 45,000 sq ft (4,180 m2) of modern warehousing.
To be known as Segro Park Stratford, the ultra-urban site is located on the Fish Island industrial estate and benefits from direct access to the A12 junction. It sits within zone 2, close to the residential district of Hackney Wick which has undergone significant regeneration since the London 2012 Olympic games.
Alan Holland, managing director, Greater London, Segro said: ‘This off-market acquisition is in line with our strategy to build scale and a customer offering in ultra-urban locations in Greater London which offer substantial long term growth prospects.'
