SEGRO : Ocado expands at SEGRO’S Origin, Park Royal Estate

Ocado expands at SEGRO'S Origin, Park Royal Estate

28 July 2021

28 July 2021 - SEGRO, a leading owner and developer of warehouse space, has secured an agreement with Ocado to enable it to significantly expand its operations at Origin - SEGRO's urban logistics and light industrial development on the Park Royal Estate, West London.

Ocado, the world's largest grocery retailer of its kind, leased a new speculatively built 68,392 sq ft facility at Origin in 2014, from which it distributes groceries. It has now committed to a new 15-year lease on the building.

In addition, Ocado has agreed a new lease on a separate, 52,806 sq ft unit, taking its total occupancy at Origin to over 121,000 sq ft. The additional facility, rated BREEAM Excellent, will serve as an extension to Ocado's existing site, enabling it to increase capacity for delivery of online orders to customers based in and around West London.

SEGRO is working with Ocado to add substantial infrastructure to enable the operation of additional electric vehicles from the unit.

The agreement builds on the growing relationship between the two companies, with Ocado, in partnership with M&S, establishing a 304,355 sq ft state-of-the-art customer fulfilment centre at SEGRO Logistics Park Purfleet. The expansion at Origin takes Ocado's total space within SEGRO's portfolio to over 400,000 sq ft across three buildings.

Alan Holland, Managing Director, Greater London at SEGRO, said:

'The demand for online groceries continues to rise and we are pleased to be able to accommodate Ocado's expansion at Origin. The quality of the warehouse facilities combined with its location in West London and a vast urban catchment area makes Origin a compelling location.

'This is a great example of the strong and meaningful relationships we seek to build with our customers and how we have been able to invest the time to understand Ocado's requirements and offer them a creative solution at Origin.'

Ed Grover, Property and Network Development Manager at Ocado Retail, said:

'We're pleased to continue our partnership with SEGRO at Origin, Park Royal. Extending our site creates over 150 jobs for local people and allows us to serve a growing customer base in the London area. We've seen a huge demand for our services this year and we're pleased to be able to expand our operations to serve over 10,000 more customers from Park Royal.'

Origin comprises six urban logistics and light industrial warehouse units and has attracted high profile brands, including John Lewis.

Park Royal provides easy access to the A40 (Western Avenue), which links to the A406 and M25. As well as delivering superb transport links, Origin is only eight miles from Central London - one of the key factors behind international and national companies choosing to locate at Park Royal. The site also benefits from a labour pool of over six million people living within a 30-minute drive.

ENDS

For more information please contact:
Lara Al-Sabti, External Communications Executive, SEGRO
[e-mail]

Notes to editors:

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.8 million square metres of space (95 million square feet) valued at £15.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution, to urban warehousing and light industrial property located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to SEGRO's purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.

See www.SEGRO.com for further information.

About Ocado Retail

Ocado Retail Ltd is a joint venture between Marks & Spencer Group and Ocado Group. It is responsible for Ocado.com and Ocado Zoom.

With over 725,000 active customers, it is the world's largest dedicated online supermarket. Customers benefit from an unbeatable range of almost 50,000 products - including big-name brands, more than 7,000 items from the M&S food and drink range and Ocado's Own-Range - unbeatable service, with more than 97% orders accurate and on-time, and the most sustainable grocery proposition with the lowest levels of food waste (0.4%) of any British grocer.

Every order is carefully packed in one of its distribution centres using world-leading software and technology. Shopping is then delivered direct to customers using a network of regional spokes in one of its vans. Ocado developed the first grocery shopping app in 2010 and continues to develop and innovate to offer its customers the best possible experience.

Back to 2021