UK REIT Segro is to develop 92,780 sq ft (8,640 m2) on a speculative basis at phase two of Stockley Close in West London.

UK REIT Segro is to develop 92,780 sq ft (8,640 m2) on a speculative basis at phase two of Stockley Close in West London.

Stockley Close is a Segro-owned multi–let industrial estate located on the A408 and just two miles from Heathrow Airport.

The existing estate currently totals 98,470 sq ft and is fully let to customers such as Rymans, UTi Worldwide, Transport for London and MNX Global Logistics. The new speculative development is being built on land adjacent to the existing estate which forms part of Segro’s landbank.

The development will comprise three highly specified industrial units of 26,420 sq ft, 29,870 sq ft and 36,490 sq ft, and will be constructed to a BREEAM ‘Excellent’ rating. Construction at Stockley Close will start in April 2014 and is scheduled for completion in November 2014.

This latest spec project follows Segro’s announcement in early March that it is to build similar units at its Origin site in Park Royal, West London.

'This overall level of activity reflects Segro's strategy to develop in locations where it is confident about levels of occupier demand,' the UK REIT said in a statement.