SEGRO completes in Park Royal

Spec development at Tudor GateSEGRO has completed the construction of Tudor Gate in Park Royal, with about a third of it already let to Warmup.

The whole scheme provides 34,433 sq ft of industrial space. 9,795 sq ft is already let to Warmup Plc, with the remaining 24,638 sq ft built on a speculative basis.

Warmup is a manufacturer and supplier of underfloor heating. They are moving in from another SEGRO facility. The building they are moving to includes their own under-floor heating (electric and hydronic), and solar thermal hot water heating systems as well as SEGRO’s photo voltaic cells.  The new building is adjacent to Warmup’s existing 10,870 sq ft premises.

The separate 24,638 sq ft facility, developed speculatively, is suitable for various uses, including urban distribution, food production, and self-storage. Importantly it marks SEGRO’s return to speculative development in Park Royal, one of its core London markets. 

Both industrial facilities have a BREEAM “Excellent” and EPC “A” ratings.  They also offer fuel cost savings advantages, such as discounted electricity generated from photo voltaic cells, with a potential saving of up to £1,000 per annum, and a fuel income benefit, courtesy of a feed-in tariff, of up to £1,400 per annum in the speculative facility.

Other environmental benefits include rainwater harvesting, air-source heat pumps providing air-conditioning and solar thermal hot water, resulting in 25% CO2 savings overall.

Andrew Stimpson, Chairman and Chief Executive of Warmup, said: “This building will enable us to showcase our electric and hydronic underfloor heating systems at their best.”

Alan Holland, SEGRO’s Business Unit Director for Greater London, said: “We have now started to actively market the facility that has been developed on a speculative basis and, given the shortage of well located, high quality industrial accommodation in the area, as well as the strong sustainable features we have incorporated, this is already generating interest from potential customers.”

JLL, Doherty Baines and CBRE have been appointed to market the speculative development.

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