SEGRO launches first speculative scheme in Heathrow for five years SEGRO in its Airport Property Partnership joint venture with Aviva, has started its first speculative warehouse construction in Heathrow in five years.
The 16,030 sq ft self-contained facility will benefit from a secure yard, a feature not often available for units of this size in the Heathrow market.
Andy Gulliford, Director of APP and SEGRO’s Chief Operating Officer, comments: “We are continuing to experience demand for our well located, high quality buildings, we are delighted to be undertaking speculative development in the prime Heathrow market for the first time in five years.”
The facility is one of two that APP is building on a 4.27 acre site on the North Feltham Trading Estate in Heathrow. The other warehouse totalling 69,670 sq ft is being built on a pre-let basis for freight forwarder Toll Global Forwarding.
Toll Global Forwarding is already an APP customer, with one of its Heathrow locations at River Gardens, North Feltham. The new and larger facility at North Feltham will enable Toll to consolidate and expand its Heathrow operations at a single site, from where it can provide enhanced supply chain solutions for its customers Toll Global Forwarding Regional MD (EMEA), Hakan Bicil, says: “This new base at North Feltham Trading Estate will provide us with better access to Heathrow Airport’s airline cargo terminals, improve our operational efficiency and enhance our customer service levels. It will also deliver a striking flagship headquarters for our fast-growing UK operations.”
Planning consent for the two new buildings on the 4.27 acre development site was granted in early February 2013 by the London Borough of Hounslow and practical completion is expected in October 2013. Both of the facilities are designed to achieve a BREEAM ‘Very Good’ rating.
