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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SEGRO plc    SGRO   GB00B5ZN1N88

SEGRO PLC

(SGRO)
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SEGRO : DHL double signing at SEGRO Logistics Park East Midlands Gateway

10/26/2020 | 02:05am EST

DHL double signing at SEGRO Logistics Park East Midlands Gateway

26 October 2020

SEGRO has today announced its latest signing at SEGRO Logistics Park East Midlands (SLP-EMG).

The 192,000 sq ft facility has been leased to DHL, the world's leading logistics company, on a ten-year lease, bringing the total space pre-let to DHL at SLP-EMG close to 900,000 sq ft.

This most recent deal comes after an agreement for lease for a 694,000sq ft unit was signed during early summer 2020. Both units will be completed to the high sustainability level of BREEAM Excellent.

Once complete, over half of the potential 6 million sq ft of accommodation will have been developed, creating a vibrant and active logistics park with a diverse mix of customers, including Games Workshop, XPO Logistics, Amazon and Kuhne+Nagel.



Andrew Pilsworth, SEGRO's Business Unit Director, National Logistics, said:

'The latest addition with DHL at SLP-EMG continues to highlight the demand for modern, sustainable space that is supremely well located.

'We have now contracted over half the available space, securing inward investment and creating jobs across the region. There's a vibrant atmosphere on site and it's good to see the high levels of activity of our customers during these uncertain times.'

The on-site rail terminal, operated by Maritime, is fully operational with trains transporting goods across the UK linking other strategic rail freight interchanges and major UK ports such as Southampton, Felixstowe, London Gateway and the Channel Tunnel.

Since construction began on the site in 2017, SEGRO has invested £100m in earthworks, upgrading transport and road infrastructure, including building a new by-pass around the local village of Kegworth, reducing the amount of traffic moving through the village. Once the site is fully developed, over 7000 direct jobs will have been created. Those working on site have free access to the 24/7 electric shuttle bus to transport them from the train or bus station to site.

SEGRO Logistics Park East Midlands Gateway is located in the centre of England, directly next to East Midlands Airport, with Nottingham 13 miles to the north-east, Leicester 20 miles to the south and Derby 14 miles to the north west which brings the benefit of a three city labour supply with one million people within a 30 minute drive.

For more information please contact:

Lizzie Humphreys, External Communications Manager, SEGRO
lizzie.humphreys@segro.com

ABOUT SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

Back to 2020

Disclaimer

SEGRO plc published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 07:04:05 UTC


© Publicnow 2020
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