Accueil Economie - Business Segro buys London warehouse park in £202.5m deal

Segro buys London warehouse park in £202.5m deal

Warehousing landlord Segro on Monday said it has bought an estate in west London for £202.5 million.

The FTSE 100 sheds firm has bought the 34-acre site, Perivale Park, from investment manager Federated Hermes. The new owner said it is “perfectly located for distribution into London”.

Segro, which has benefited in recent years from online retailer demand for warehouse space, said Perivale Park comprises around 593000 square feet of space across 23 properties. It is fully-let and generates rental income of £6.8 million.

Alan Holland, business unit director for Segro’s Greater London portfolio, said: « Perivale Park is a perfect fit for Segro, sitting adjacent to the A40 and nestled between our core holdings in Greenford and Park Royal.”

Holland added: “It offers a rare opportunity to build further scale and drive value in an area where we already have considerable expertise and knowledge of the local market and customer base. It also offers medium-term development and redevelopment potential in one of London’s prime, and most supply-constrained, industrial clusters. »

Sheds firm Segro increases profits but warns of battle for London land

The purchase come two months after Segro’s chief executive, David Sleath, said in a statement on Covid-19 that the company anticipates that the “structural trends that have been driving occupier demand for high-quality, well located warehouse space will remain intact”.

More about:

|

Business

|

Commercial property

|

SEGRO

  • Gardiun Abri De Jardin En Métal London - 5,71 M² Ext. 206 cm x 277 cm x
    Jardin piscine Abri, garage et rangement Abri de jardin Abri de jardin acier GARDIUN, L'abri de jardin métallisée London Silver a un design innovant en couleur Silver qui marque la tendance de la saison. Ils ont le système Sky Light, un lucarne en polycarbonate situé sur le toit qui facilite l'éclairage
  • HOPPE Ensemble de porte PN London HOPPE - entr.70 - Blanc - Clé i - 113/202M - 773978
    Quincaillerie Quincaillerie de porte et de fenêtre Poignée de porte et fenêtre Poignée de porte d'entrée (à cylindre), Détails : Ensemble de porte PN London HOPPE - entr.70 - Blanc - Clé i - 113/202M - 773978
  • Rimmel London WONDER SWIPE 2in1 liner to shadow #005-yassss
    Europe's biggest loyalty club
  • Rimmel London WONDER SWIPE 2in1 liner to shadow #011-damn you shook
    Europe's biggest loyalty club
  • Rimmel London WONDER SWIPE 2in1 liner to shadow #014-fashum
    Europe's biggest loyalty club
  • Rimmel London WONDER SWIPE 2in1 liner to shadow #013-front stage
    Europe's biggest loyalty club