SEGRO has acquired the 30 acre Nestlé site in Hayes.
The site, say SEGRO, offers easy access to the UK motorway network for regional distribution and to central London for urban logistics operators, being less than a mile from junction 3 of the M4 motorway. It is also next to the Hayes and Harlington railway station which will become a Crossrail station in 2018, and close to the Cathedral and Development Securities Old Vinyl Factory resi-led redevelopment of the former EMI factory.
Nestlé will remain in occupation for up to six months during which time they will decommission the site, which formerly housed its coffee production business, which has been moved to the North of England. During this period, SEGRO say they will consult on plans for the site.
Andrew Gulliford, SEGRO’s Chief Operating Officer, said: “2014 was a busy year for development and this transaction is an excellent way to add to our Greater London land bank in a location where occupier demand is strong and there is a lack of modern warehouse and urban distribution facilities.”
Within its Greater London business, SEGRO completed 400,000 sq ft of warehouse development in 2014 and around 285,000 sq ft of development is in the pipeline.