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SEGRO PLC

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SEGRO : Netflix lease speculative units at SEGRO Park Enfield

10/13/2021 | 08:22am EST

Netflix lease speculative units at SEGRO Park Enfield

13 October 2021

SEGRO has signed a deal with Netflix to take space at SEGRO Park Enfield, its best-in-class, speculative development.

The world's leading streaming entertainment service has agreed a lease for high-quality units for film and TV production. The campus style occupancy will include sound stages, studios, as well as set production and make up and break out areas, creating hundreds of new jobs for the local community.

Anna Mallett, Vice President, Physical Production, EMEA/UK, said:

"The UK is one of Netflix's most important hubs; its creative brilliance, combined with a highly skilled and versatile workforce creates an ecosystem that makes this country one of the best places to do business.

"We are delighted to announce our new lease at SEGRO Park Enfield, it builds on our commitment to spend over $1bn on productions across the UK this year, invest in the creative community, and support the next generation of talent."

Cllr Nesil Caliskan, Leader of Enfield Council, said:

"This is exciting news for Enfield and we are delighted to welcome another global brand, Netflix, to the borough. Enfield Council has worked hard to create a business friendly, supportive and welcoming environment for the film and television industry and the borough is now home to the largest concentration of new studios in London.

"This will drive opportunities for local businesses to support the sector's supply chain and create a wide range of new employment opportunities for local people in support of our Economic Development Strategy, An Economy that Works for Everyone."

Alan Holland, Managing Director, Greater London at SEGRO, said:

"The creative industries sector is an exciting market for us and this deal with Netflix demonstrates the flexibility and versatility of our high-quality warehouses.

"We look forward to supporting Netflix at SEGRO Park Enfield by providing them with the space to enable extraordinary things to happen. This much-needed UK studio space will help enable them to meet the ever-increasing TV and film viewing demand, as well as creating vital employment in Enfield. We're also grateful to Enfield Council for working with us to bring this opportunity to fruition."

SEGRO has had a long-standing relationship with the London Borough of Enfield with a number of industrial developments including Navigation Park, Great Cambridge Industrial Estate, and Imperial Innova Park supporting around 2,000 jobs.

The company has also been investing in the Enfield community for almost a decade. Most recently in 2020, it provided a newly refurbished 14,000 sq. ft. unit at the Great Cambridge Industrial Estate to become London's first Coronavirus Community Hub, storing food already ordered by Enfield Council, and incorporating a call centre fit for the 40 essential workers. In an adjacent unit temporary rent-free space was provided to The Felix Project, a food redistribution charity collecting surplus food from suppliers and delivering it to good causes across the capital.

ENDS


For more information please contact:

Lara Al-Sabti, External Communications Executive, SEGRO

lara.alsabti@segro.com

Notes to editors:

Lambert Smith Hampton as acted as agents for SEGRO in the transaction.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.8 million square metres of space (95 million square feet) valued at £17.1 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 over 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.

A commitment to be a force for societal and environmental good is integral to SEGRO's purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.

See www.SEGRO.com for further information.

About Netflix:

Netflix is the world's leading streaming entertainment service with over 209 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Back to 2021

Disclaimer

SEGRO plc published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 12:21:06 UTC.


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David John Rivers Sleath Chief Executive Officer & Executive Director
Soumen Das Chief Financial Officer & Executive Director
Gerald Michael Nolan Corbett Chairman
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Andrew E. G. Gulliford Chief Operating Officer & Executive Director
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