Bracknell: Final spec unit let at logistics park

The final speculatively developed unit at SEGRO Park Bracknell has been successfully let, just weeks after reaching practical completion, during the coronavirus lockdown.

The pace at which the unit was leased is an example of the strong demand for well located, modern and sustainable space in an era where the need for efficient logistics has never been greater.

Since 2017, SEGRO has completed over 180,000 sq ft of speculative development at SEGRO Park Bracknell. In 2017 Midwich, a distributor of audio-visual technology, leased a 31,634 sq ft unit and leading tyre wholesaler Bond International took a 90,000 sq ft unit in 2019.

In addition to the speculative developments, there are two further plots that offer the flexibility for design and build projects totalling over 200,000 sq ft of additional warehouse space.

SEGRO Park Bracknell fronts onto the A3095 dual carriageway and provides access to the UK road network via the M4 and M3.

James Craddock, business unit director for Thames Valley, SEGRO, said: “The speed of this deal – especially during these unprecedented times – is testament to the pressing demand from logistics operators looking for high quality space that is located close to population centres and with direct access to key transport routes, like the M4 and M3 motorways.

“We’re proud that we’ve leased all three speculative units and continued to bring commerce to the Bracknell region and look forward to delivering the remaining design and build opportunities.”

SEGRO Park Bracknell is located adjacent to the UK headquarters of Waitrose as well as buildings occupied by world-class businesses Boehringer Ingelheim, a world leading pharmaceutical company, and Fujitsu, a leading provider of IT products and services.