SEGRO gets nod for Slough Trading Estate regeneration

  SEGRO has been given the go-ahead for the first phase of the redevelopment of its flagship Slough Trading Estate.   The planning permission, awarded by Slough borough council last night, will allow the REIT to redevelop an area stretching along the Leigh Road to the centre of the Estate, together with a new gateway entrance on the Bath Road.      It will create new offices, a purpose-built transport hub, two hotels to serve businesses on the estate, shops, restaurants and cafes, and a new conference centre.   The work is part of a wider masterplan to regenerate the estate, which is home to 7.5m sq ft of business space set across 485 acres.   The 20-year plan proposes five designed business environments and is expected to create more than 4,000 new jobs and contribute £100m a year to the Slough economy, and £180m a year regionally.   Gareth Osborn, director for the Thames Valley, said: “We are very pleased that Slough council has approved the first stage of the Masterplan proposal, which will ensure the estate continues to be a success in the future, playing an important role in the community of Slough and the economic development of the wider region.   “We will now turn our attention to working up detailed plans and speaking to existing and prospective occupiers about how we take forward the redevelopment.   “We are committed to ensuring our occupiers and the local community are kept fully informed.”   patrick.clift@rbi.co.uk