SEGRO buys 135,000 sq ft Slough industrial estate

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Segro has completed the acquisition of Perth Trading Estate from UBS Management in an off-market transaction, in Slough.

UBS said that the site, adjacent to the north-east side of the Slough Trading Estate, was sold for £32.5 million.

Perth Trading Estate spans over six acres, providing 135,000 sq ft of warehouse and logistics space across ten units, all of which are occupied.

James Craddock, Managing Director, Thames Valley, SEGRO said: “The Slough Trading Estate is one of the UK’s leading locations for modern industrial warehousing and data centres and we’re delighted to incorporate this estate into our business, which has the potential to provide further opportunities for our customers.”

Howard Meaney, Head of Real Estate UK at UBS-AM Real Estate & Private Markets, said: “This sale has allowed us to generate substantial returns for our clients, both through the timing of this investment and by unlocking significant value through active asset management of this property.

“We maintain our long-held conviction that high-quality multi-let industrial assets in strategic locations present strong opportunities, but will look to selectively sell assets when we believe we can create stronger returns by shifting capital into other investments.”

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