26 Apr SEGRO acquires Grand Union Trade Park in Park Royal

SEGRO has completed the purchase of additional London acquisitions, including Grand Union Trade Park in Park Royal.

Grade Union Trade Park, adjacent to SEGRO-owned Tudor Industrial Estate and Premier Park, is comprised of 100,000 sq ft of industrial space spanning more than four acres. The estate is fully let to trade suppliers, including Howdens and Screwfix.

SEGRO acquired the site from abrdn for an undisclosed fee.

Alan Holland, managing director – Greater London at SEGRO, said: ““These deals represent further positive momentum in the expansion of our urban logistics portfolio in London and are in line with our strategy to build scale and a customer offering in high-density business and residential clusters.

“The purchase at Park Royal complements our existing ownership in the area and unlocks large scale development opportunities for the future.

“In an increasingly competitive market we will continue to take an innovative and creative approach to secure well-located assets that can be redeveloped or repositioned as high-specification, sustainable warehouse space.”

SEGRO also acquired sites in Wapping and Clapham as part of the £195million purchase.