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Final spec unit let at SEGRO Park, Bracknell

07:52 09 July in Berkshire, News by Mia Champion

The last speculatively developed unit at SEGRO Park Bracknell has been let, just a few weeks after reaching it’s practical completion during the COVID-19 lockdown.

The speed at which the unit was leased is a clear example of the strong demand for well located, modern and sustainable space in a time where the need for efficient logistics has never been great.

Since 2017, 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.

In addition to the speculative developments, there are two further plots that offer the flexibility for design and build projects totalling over 200,000 sq ft of additional warehouse space.

SEGRO Park Bracknell is located adjacent to the UK headquarters of Waitrose as well as buildings occupied by world-class businesses Boehringer Ingelheim, a world leading pharmaceutical company, and Fujitsu, a leading provider of IT products and services.

“The speed of this deal – especially during these unprecedented times – is testament to the pressing demand from logistics operators looking for high quality space that is located close to population centres and with direct access to key transport routes, like the M4 and M3 motorways.

“We’re proud that we’ve leased all three speculative units and continued to bring commerce to the Bracknell region and look forward to delivering the remaining design and build opportunities.”

James Craddock, SEGRO, Business Unit Director for Thames Valley

 

Read more, HERE.