Segro is continuing to roll-out its speculative development programme, with the announcement of a 5,200 m2 warehouse project at its home base in the UK.
Segro is continuing to roll-out its speculative development programme, with the announcement of a 5,200 m2 warehouse project at its home base in the UK.
The standalone unit is being developed at Slough Trading Estate in Berkshire, where Segro's predecessor, Slough Estates, began operations in 1920.
The latest speculative development forms part of Segro’s strategy to invest in core locations where it is seeing increased customer demand for modern, well-located industrial property.
The unit, located at 12 Liverpool Road, will be suitable for light industrial, warehouse, distribution and data centre facilities. It will provide a large secure yard alongside 101 parking spaces and is targeting an Energy Performing Certificate (EPC) rating of ‘B’. The unit will be available for occupation in Spring 2015.
This is Segro's second speculative industrial/warehouse scheme in Slough to start this year. In January, the company announced it was constructing three units at Buckingham Avenue.
The Slough Trading Estate is one of the dominant locations for businesses in the Thames Valley and where there is now almost 46,000 m2 under construction. As well as this speculative building activity, the construction programme also includes a number of pre-lets such as 2,500 m2 being developed for Sovrin Plastics and 10,400 m2 for a US-based data centre operator on a 25-year lease.
Construction is also ongoing for the 18,300 m2 data centre for Equinix, which Segro announced in January, and which will be Equinix’s third data centre on the Trading Estate.
Cushman & Wakefield is the letting agent for the Slough Trading Estate.
