SEGRO secures large Slough warehouse prelet

 

SEGRO has prelet a 75,445 sq ft warehouse development at its Slough Trading Estate to Selig (UK). 

Selig has occupied facilities at the estate for more than 80 years.  It is taking a 15-year lease on the facility at an undisclosed rent.

 

Kier Construction will build the complex on Ajax Avenue, with full completion expected in late 2011. Selig was represented by Lambert Smith Hampton (LSH).  Cushman & Wakefield and Altus Edwin act for SEGRO on the Slough Trading Estate. 

Paul Lewis, regional director at SEGRO, commented: “In today’s fast paced, global economy, the occupational requirements of major international businesses, such as Selig, evolve quickly. 

 

“As the only location in the south of England to have Simplified Planning Zone status, the Slough Trading Estate has a significant competitive advantage in meeting the changing needs of its occupiers, by fast-tracking the development process.  Located at the Estate since 1929, Selig is one of the Estate’s longest occupiers and we look forward to working in partnership with them for many years to come.”

Cliff Jackson, director at LSH’s Maidenhead office, concluded: “This is a significant and important deal for Slough as well as the wider Thames Valley market, and is the largest of its kind for some time. Pre-let agreements demonstrate corporate occupiers’ long-term commitment to a location and for Selig to remain on the Slough Trading Estate with a bespoke facility is testament to the commercial strength of the scheme.”

Fast-track construction of Selig’s new factory will be led by Kier Construction, which has been appointed as the contractor by SEGRO.  Sectional completion of the factory is due this Summer, with the external works and office space scheduled to be completed by late 2011.

paul.norman@estatesgazette.com

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