Developer SEGRO has bought a ten-acre prime development site in Enfield, north London.
The site has the potential for 200,000 sq ft of development and offers flexibility for the size and number of units that can be built on both a speculative and pre-let basis.
The newly acquired land in Enfield is located mid-way between the North Circular Road and the M25 motorway, London’s inner and outer ring-roads, offering rapid access to the UK’s national motorway network.
SEGRO’s first development in this location, View 406, was completed speculatively in December 2014 and is almost fully let, demonstrating the strength of demand for modern industrial space in this area.
This latest acquisition is part of the company’s strategy to strengthen its presence in newer locations and to continue its growth through the development pipeline.
The price is has not been disclosed. Waddams acted for SEGRO.