SEGRO grows UK logistics portfolio with North London deal

SEGRO grows UK logistics portfolio with North London deal

SEGRO will deliver a new urban logistics development of up to 185,000ft² in North London following the off-market purchase of eight acres of land in Tottenham. The scheme is subject to planning consent and will consider both speculative and pre-let development opportunities. The purchase price was not disclosed. The project benefits from excellent road connectivity via the A406, and on completion, will be one of SEGRO’s closest assets to Central London.

 

Alan Holland, Business Unit Director, Greater London, at SEGRO said: “At a time when industrial land in London is diminishing, this site offers a rare opportunity to deliver a modern urban logistics hub in a well-connected, zone-3 location, inside the North Circular. Our ambition is to develop modern, high specification industrial units at a range of sizes which will complement our existing North London portfolio and capitalise on demand from a broad range of customer sectors, including online retailers and last-mile operators. We’re very pleased to complete this off-market transaction and look forward to working with London Borough of Haringey and the local community to advance our plans.”

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