SEGRO has signed Ocado for a lease on two units in its Stockley Close development.
Ocado has signed a 15-year lease on two units totalling 56,947 sq ft at Stockley Close. It is the second deal between SEGRO and the grocer.
Both buildings were speculatively marketed, and will subject to planning, be converted into one larger unit that will become Ocado’s distribution hub for South West London.
Alan Holland, SEGRO’s Business Unit Director for Greater London, said: “I’m pleased that we have been able to provide another well located, high quality facility for Ocado, this time at Stockley Close. Distribution businesses like Ocado need to be in the right place in order to meet their customers’ needs and deliver products quickly and efficiently.
In early 2015, ahead of the signing, SEGRO worked in partnership with the De Salis Studio College in Hayes to launch a digital marketing challenge for students. The students were set an exercise to develop and pitch a digital marketing campaign to attract domestic and overseas companies to Hillingdon and into Stockley Close.
The budding marketeers were supported and guided by SEGRO and went on tour of the site to undertake market research. They also met with SEGRO’s Digital Marketing Manager to learn more about how digital marketing is transforming the way SEGRO communicates to their customers.
Alan Holland continued to say: “As well as helping Ocado grow their reach to the south west of London, Stockley Close has created real life case study for the students at the local sixth form college to help develop their studies. It really is more than just an industrial estate.”
Ian Starling, Head of Property and Network Development, Ocado, said: “As the world’s largest dedicated online grocery supermarket, having quick and direct access to our customers is vital for our business. We want to deliver to our customers the best quality product in the shortest time.
“That’s why the location of Stockley Close is the perfect fit for our business. It will act as a hub to distribute to our customers in South West London and helps us remain at forefront of the e-commerce revolution changing the way we shop, and ultimately, consume goods.”
Stockley Close is a further development of SEGROs footprint around Heathrow situated in a prominent position fronting Stockley Road. It is minutes from the M4 (J4) and the M25 with good access to Heathrow airport, offering exceptional national and international transport links.
The existing estate currently totals 191,259 sq ft and is let to customers such as Rymans, UTi Worldwide (UK) Limited, Transport for London and MNX Global Logistics. Only one 36,490 sq ft unit remains available.
SEGRO also recently let a 10,500 sq ft building on Stockley Close, on a 10-year lease, to Direct Entry Solutions Limited, an international mail specialist, providing efficient mail distribution solution to wholesalers.