Two New Lettings at SEGRO’s Central Spacewaye

SEGRO plc (‘SEGRO’) today announced it has completed two deals ahead of practical completion at Central Spacewaye on North Feltham Trading Estate, which is located three and a half miles from Heathrow Airport’s Cargo Terminal.

Williams & Hill, the leading global fine art logistics company with locations in London and New York, has taken a 25,898 sq ft unit on the Estate on a 15-year lease. Williams & Hill is an existing SEGRO customer which will now occupy three SEGRO warehouses, including units at Central Spacewaye and Heron Way on North Feltham Trading Estate.

Satair Group, a world leader in the commercial aerospace aftermarket, has taken a 19,192 sq ft unit on a 15-year lease at Central Spacewaye. Satair Group, a long-standing customer of SEGRO will use the space for the storage and servicing of aircraft components.

Alan Holland, Greater London Business Unit Director, SEGRO said:

“As a result of these lettings Central Spacewaye is now 57% let ahead of practical completion, ensuring we’re in a positive position to let the remaining Grade A space ahead of agreed timescales. Both Williams & Hill and Satair Group are existing customers of SEGRO and Central Spacewaye with its excellent connections to Heathrow, proved to be invaluable to the future business growth and ambition of our global clients. The development of Central Spacewaye again vindicates our proven strategy of speculatively developing new Grade A modern units which offer our customers the opportunity to move to larger premises, allowing their businesses to evolve and grow.”

Kerry Hill, Managing Director, Williams & Hill said:

“We specialise in the global transportation of fine art and antiques and have done so for the last 15 years. The location of our premises is paramount to our business and we’re now located at three SEGRO units. Our new facility at Central Spacewaye with its fantastic connection to Heathrow and safe and secure environment ensures we can continue to deliver the excellent service we’re renowned for with our clients all over the world.”

Jon Ravhall, Managing Director, Satair Group UK said:

“We are one of the global leaders in the aerospace aftermarket business and we’re committed to delivering excellence in everything we do. Ensuring the right location for our business is part of our commitment to our clients. We supply and maintain up to three million different aircraft parts, produced by more than 1,000 manufacturers worldwide and we deliver value-adding integrated services. Working with SEGRO once again has guaranteed an excellent location and quality of space.”

Central Spacewaye, a prime location for logistics, is located at the well-established North Feltham Trading Estate, with easy access to a multi-skilled labour pool and only three and half miles from Heathrow Cargo Terminal. The new development comprises three new warehouse/industrial Grade A modern specification units, with one remaining unit of 36,116 sq ft available.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.3 million square metres (68 million square feet) of space valued at over £8 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 nine other European countries.