SEGRO begins construction of final plot at SEGRO Park Bracknell following pre-let
19 January 2022
Construction has started on the final plot at SEGRO Park Bracknell, following agreement of a pre-let with a leading online retailer.
The customer has agreed a 15-year lease for an 83,000 sq ft unit at the 8-acre site, which will be used as a distribution hub, meaning the site is now fully let.
SEGRO Park Bracknell has been developed as part of the company's ongoing strategy to grow its presence in the Thames Valley, specifically in growth areas such as Bracknell, Maidenhead and Reading.
The development aligns with the company's Responsible SEGRO commitments to champion low-carbon growth and improve local environments, helping meet its sustainability goal of being net-zero carbon by 2030.
It will include a four-storey parking facility that can accommodate over 350 electric vans. The BREEAM Excellent (Building Research Establishment Environmental Assessment Method) building will include photovoltaic panels on the roof that will reduce CO2 emissions by an estimated 19,700 kg per year.
SEGRO will also be supporting biodiversity within the development through a range of initiatives. Deadwood habitat piles will promote food for insects, birds, mammals, reptiles and amphibians. Insect boxes and bug hotels will also be installed to create suitable nesting habitats for important native pollinators such as mason and leafcutter bees.
James Craddock, Managing Director, Thames Valley at SEGRO, said:
"The signing of the pre-let and the start of construction on this final plot is a notable milestone both for SEGRO Park Bracknell and our broader aspirations in the Thames Valley. It is further evidence that there is strong demand for modern, sustainable warehousing and industrial space that is well-located in the Thames Valley. With SEGRO Park Bracknell fully let, we're actively seeking new land and development opportunities in the Thames Valley to meet the needs of both our existing and potential new customers."
SEGRO is going above and beyond by delivering an accelerated construction programme which will enable the building to be completed several months quicker than is standard for a unit of this size. This fast pace of work will give the customer access to the site to begin the internal fit out from just over two months into the programme.
The facility is anticipated to reach practical completion by late summer 2022.
SEGRO Park Bracknell is ideally located, fronting the A3095 dual carriageway and offering quick and easy access to major motorways including the M4 (J10) and the M3 (J3 & J4). Construction work started in 2017, since when SEGRO has completed over 180,000 sq ft of speculative development at SEGRO Park Bracknell. In 2017 Midwich, a distributor of audio-visual technology, leased a 31,634 sq ft unit and leading tyre wholesaler Bond International took a 90,000 sq ft unit in 2019.
For more information please contact:
Lara Al-Sabti, External Communications Executive, SEGRO
Notes to editors:
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 £17.1 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 hubs, to urban warehousing 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.
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