The speculative development forms part of SEGRO's strategy to invest in core locations where it is seeing increased customer demand for modern, well-located industrial property.
The unit, located at 12 Liverpool Road, will be suitable for light industrial, warehouse, distribution and data centre facilities. It will provide a large secure yard alongside 101 parking spaces and is targeting an EPC rating of 'B'. The unit will be available for occupation in Spring 2015.
The latest development is SEGRO's second speculative industrial/warehouse scheme in Slough to start this year. In January 2014, SEGRO announced it was constructing three units of 41,900 sq ft, 15,400 sq ft and 13,250 sq ft, respectively, at Buckingham Avenue.
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The Slough Trading Estate is one the pre-eminent locations for businesses in the Thames Valley and where there is now almost 500,000 sq ft under construction. As well as this speculative building activity, the construction programme also includes a number of pre-lets such as 27,200 sq ft being developed for Sovrin Plastics and 112,000 sq ft for a US based data centre operator on a 25 year lease.
Construction is also on-going for the 197,000 sq ft data centre for Equinix, which SEGRO announced in January 2014, and which will be Equinix's third data centre on the Trading Estate.
Gareth Osborn, Business Unit Director for SEGRO in the Thames Valley, said: "The Slough Trading Estate is a highly attractive business location for companies who want to be based in the Thames Valley. We are developing these units now as we are seeing an increase in customer demand for modern, well-located industrial facilities.
"The Slough Trading Estate, with its excellent transport links, offers a wide range of amenities for a number of different businesses and we look forward to welcoming even more companies to the Estate."
