Evolution of industrial space
The Slough Trading Estate has been successful because it adapts and evolves in response to global and local trends.
To ensure that SEGRO is able to attract and retain long-term investment in Slough, the Slough Trading Estate needs to:
- Adapt to the ever evolving needs of business.
- Make more efficient use of available land on the Estate.
- Design buildings that can adapt for future uses.
- Deliver schemes with sustainability in mind.
- Improve the public realm with new and robust
Our proposals will seek to deliver two new high-quality and flexible Data Centres, responding to ever-changing market needs to maintain Slough as a key business destination in the Thames Valley.
Image showing 160 Edinburgh Avenue - the most sustainable refurbished industrial unit on the Slough Trading Estate to date
Decline of office demand
The buildings at 188-216 Bath Road being considered for redevelopment have each served as ‘headquarter’ office spaces for various businesses.
These offices have already become or are due to become vacant due to businesses preferring city or town centre locations, and as a result have been underoccupied for several years.
There are a variety of larger changes to the office demand that have contributed to the underutilisation or vacancy of these offices, for example:
- The office market is increasingly struggling due to the change to hybrid working.
- Demand for office space in Slough is low. Only 65,800 square feet of office space was rented out in Slough in the year ending 31st March 2023. This leaves in excess of 750,000 square feet (over 10 times) of space available.
Image showing an existing vacant office building at 188-216 Bath Road