Slough: SEGRO develops key site with Selig

SEGRO is set to develop a new 75,445 sq ft warehouse at Slough Trading Estate in a pre-let agreement with Selig (UK). The deal further cements SEGRO’s long standing partnership with Selig, which has occupied facilities at the Estate for more than 80 years.

Located on Ajax Avenue, the development will provide a new factory facility for Selig, the world’s largest manufacturer of tamper-evident cap/closure sealing products.

The development will be ‘fast-tracked’ by SEGRO as a result of Slough Trading Estate’s Simplified Planning Zone status, which means that industrial developments have outline planning consent and can be progressed quickly and efficiently to save occupiers’ time and money.

A 15-year lease has been agreed for the deal, in which Selig was represented by the Maidenhead team at national commercial property consultancy Lambert Smith Hampton (LSH). Cushman & Wakefield and Altus Edwin act for SEGRO on the Slough Trading Estate.

Paul Lewis, regional director at SEGRO, commented: “In today’s fast paced, global economy, the occupational requirements of major international businesses, such as Selig, evolve quickly. As the only location in the south of England to have Simplified Planning Zone status, the Slough Trading Estate has a significant competitive advantage in meeting the changing needs of its occupiers, by fast-tracking the development process. Located at the Estate since 1929, Selig is one of the Estate’s longest occupiers and we look forward to working in partnership with them for many years to come.”

Andy McLean, executive vice-president at Selig UK, added: “Our decision to remain located on Slough Trading Estate is not only down to our long-standing history on the scheme but also because of the fast-tracking development process that the landlord is able to undertake. In the current market, it was a prime opportunity for us to upgrade Selig’s property to an industrial unit that is tailored to our specific requirements.”

Cliff Jackson, director at LSH’s Maidenhead office, concluded: “This is a significant and important deal for Slough as well as the wider Thames Valley market, and is the largest of its kind for some time. Pre-let agreements demonstrate corporate occupiers’ long-term commitment to a location and for Selig to remain on the Slough Trading Estate with a bespoke facility is testament to the commercial strength of the scheme.”

Fast-track construction of Selig’s new factory will be led by Kier Construction, which has been appointed as the contractor by SEGRO. Sectional completion of the factory is due this Summer, with the external works and office space scheduled to be completed by late 2011.