SEGRO and St George secure maiden customer at SEGRO V-Park Grand Union

The automation and robotics company has agreed to lease just over 5,000 sq ft of the 134,500 sq ft, six-storey development that sits in 1.7 acres as part of the wider 22-acre Grand Union neighbourhood. The customer will use the space for research and development to drive efficiency, sustainability and safety within the sector it operates.

With the terms of the deal agreed ahead of the practical completion of the scheme in April, SEGRO and St George were able to execute a fast turnaround of the lease, which will enable the customer to take occupation of the space and begin operations later this month.

Bonnie Minshull, Head of London, SEGRO, said:

“We established SEGRO V-Park Grand Union as a modern industrial space for innovative businesses, and our first customer certainly qualifies as this. It’s great to have them on-board so soon after completion.

“While the concept of multi-storey is relatively new in the UK, we are pleased with the level and breadth of customer interest in the space.  We are confident further lettings will follow as customers see the asset for real and are inspired by the innovation, high quality and sustainability qualities of the development, underpinned by its location and accessibility.” 

Once complete, Grand Union will comprise 3,350 homes, 35% of which will be affordable, and provides an innovative demonstration of industrial intensification and co-location of industrial space and residential accommodation.

Claire Hammond, Land Director, St George Plc, said:

“Grand Union exemplifies St George’s ambition in bringing forward successful and thriving communities where people of all ages can enjoy a great quality of life. This includes those who live within or nearby our new developments and also those who work here. At Grand Union our expanding commercial offering includes a new Co-op store, Anytime Fitness Gym, Peapods nursery, and a moored narrowboat serving delicious crepes and coffee every day. The new businesses at SEGRO V-Park Grand Union will be able to enjoy all these amenities and the 11 acres of public open space being delivered as part of the wider masterplan.”

SEGRO V-Park Grand Union is located in the London Borough of Brent, one of London’s most sought-after industrial areas, and will front onto the North Circular (A406), providing excellent access into the London market and connectivity to the M1 and M25. 

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 10.4 million square metres of space (112 million square feet) valued at £20.7 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.

About SEGRO V-Park Grand Union

SEGRO V-Park Grand Union is arranged over six storeys and is equipped with cargo lifts. Two lower levels provide loading bay space and parking facilities, while four upper levels offer units in a range of sizes. Each customer will occupy a self-contained industrial unit and benefit from outstanding communal amenities that enable a modern, inclusive and enjoyable working environment, which is not always commonplace with more traditional industrial spaces. These include dedicated social and workspaces, from break-out and bookable meeting rooms through to a roof terrace where teams can connect and collaborate. A dedicated reception service is also available to provide support when needed. 

The development embodies the very best in energy-saving measures across its construction and lifecycle, and has been specifically designed to support customers in reducing their carbon footprints and achieving their sustainability goals. Specifically, it is targeting BREEAM Excellent, and includes 20 charging points for electric cars and vans, as well as photovoltaic cells and an internal green wall. These sustainability features align with the Responsible SEGRO commitment to Champion low-carbon growth, and Berkeley Group’s Our Vision 2030 Strategy, which sees the Company seek to transform the most challenging sites into exceptional places and maximise its positive impact on society, the economy and the natural world.

St George is transforming the wider former derelict brownfield industrial site into a vibrant, mixed-use neighbourhood comprising 3,350 homes, 35% of which will be affordable. Within the development, SEGRO V-Park Grand Union provides an innovative demonstration of industrial intensification and co-location of industrial and residential space.

The pioneering new development reconnects the public to this previously inaccessible part of the Grand Union Canal and brings the community 11 acres of green spaces including riverside walks, a 6m waterfall and lake. Grand Union has a mix of one, two and three bedroom homes where residents can access their own bowling alley, lounge, workspace and entertainment room. The commercial offering includes a new Co-op store, Anytime Fitness Gym, Peapods nursery, Benham & Reeves, Medical Centre and a Community Hub; creating a new waterside destination to live, work and relax.