Heathrow spec development by SEGRO

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Property company SEGRO is to speculatively develop 92,780 sq ft of warehouse space at phase two of Stockley Close near Heathrow in West London.

The existing estate currently totals 98,470 sq ft and is fully let to customers such as Rymans, UTi Worldwide (UK) Limited, Transport for London and MNX Global Logistics.

The new speculative development is being built on land adjacent to the existing estate and 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, all with secure yards, and it will be constructed to a BREEAM “Excellent” rating.

This latest news follows SEGRO’s announcement last month 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.

Construction at Stockley Close will start in April 2014 and is scheduled for completion in November 2014.

Alan Holland, SEGRO’s business unit director for Greater London, said: “The shortage of suitable, well-located modern warehouses in our core markets, combined with the increased demand we are seeing for urban, regional and national distribution space, is driving requirements for newly-developed space.”

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