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SEGRO completes new 34,500 sq ft development at Park Royal, London

wantspacegotspace.co.uk - SEGRO completes new 34,500 sq ft development at Park Royal, LondonSEGRO is pleased to announce that it has completed the construction of a new 34,433 sq ft scheme at Tudor Gate, Park Royal which comprises a 9,795 sq ft development for Warmup Plc and 24,638 sq ft built on a speculative basis.  

Existing SEGRO customer, Warmup Plc, manufacturer and supplier of underfloor heating solutions agreed a pre-let in June 2012 for a new warehouse unit.  This building has now been completed and Warmup has taken the state-of-the art Tudor Gate unit on a 15 year lease.  The building has been designed in close consultation with the customer. It incorporates Warmup’s under-floor heating (electric and hydronic), and solar thermal hot water heating systems and SEGRO’s photo voltaic cells.  The new building is adjacent to Warmup’s existing 10,870 sq ft premises.  

A second, separate 24,638 sq ft facility, developed speculatively by SEGRO, has also been completed.  The prominent high specification warehouse is suitable for various uses, including urban distribution, food production, and self-storage, and signifies SEGRO’s return to speculative development in Park Royal, one of its core London markets.  Tudor Estate offers direct access from Abbey Road to the A406 North Circular Road, which in turn links to Junction 1 of the M1, as well as having easy access to the A40 Western, which provides direct access to Central London.

Both industrial facilities have a BREEAM “Excellent” and EPC “A” ratings.  They also offer fuel cost savings advantages, such as discounted electricity generated from photo voltaic cells, with a potential saving of up to £1,000 per annum, and a fuel income benefit, courtesy of a feed-in tariff, of up to £1,400 per annum in the speculative facility.    

Other environmental benefits include rainwater harvesting, air-source heat pumps providing air-conditioning and solar thermal hot water, resulting in 25% CO2 savings overall.  

Andrew Stimpson, Chairman and Chief Executive of Warmup, said: “By working very closely with SEGRO we have developed our new offices and warehouse facilities to deliver a modern, sustainable, energy efficient building in line with our commitment to sustainability and the environment.  This building will enable us to showcase our electric and hydronic underfloor heating systems at their best.  

Together with our Solar thermal panels, and the photo voltaic cells and air source heat pump technology which have been installed by SEGRO, we will monitor our on-going occupancy energy usage to demonstrate the efficiencies of the systems and the associated reduction in our utility bills.”  

Alan Holland, SEGRO’s Business Unit Director for Greater London, said: “We are delighted to have delivered this building for Warmup, which will support them in showcasing their market leading products.  We have worked very closely with them and we look forward to seeing their business continue to thrive.

We have now started to actively market the facility that has been developed on a speculative basis and, given the shortage of well located, high quality industrial accommodation in the area, as well as the strong sustainable features we have incorporated, this is already generating interest from potential customers.”

JLL, Doherty Baines and CBRE have been appointed to market the speculative development. 

Posted by The Editor (wantspacegotspace) on 10th June 2013 (updated 16/06/2013)

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