Acting for Selig (UK) Ltd, we have secured a 75,445 sq ft warehouse pre-let on Slough Trading Estate.
The deal will see landlord, SEGRO, develop a brand new factory facility for the occupier.
Located on Ajax Avenue, Slough, the development will form a new factory facility for Selig, the world’s largest manufacturer of tamper-evident cap/closure sealing products.
Development to be fast-tracked
The scheme 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, with the deal cementing SEGRO’s long standing partnership with Selig; the comany has occupied facilities at the Estate for more than 80 years.
Largest deal of its kind for some time
Cliff Jackson, Director in our Maidenhead office, commented: Pre-let agreements demonstrate corporate occupiers’ long-term commitment to a location. For Selig to remain on the Slough Trading Estate with a bespoke facility is testament to the commercial strength of the scheme. It’s is therefore a significant and important deal for Slough, as well as the wider Thames Valley market. It is also the largest deal of its kind for some time.”
Industrial space built to suit Selig’s requirements
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.”
Only SE location with Simplified Planning Zone status
Paul Lewis, Regional Director at SEGRO, added: “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.”
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.
Cushman & Wakefield and Altus Edwin act for SEGRO on the Slough Trading Estate.