Dec 2, 2003
Slough Estates Plc, a leading provider of flexible business space, has completed its first speculative development within its recently re-branded West London Portfolio, theLHR.com.
The development includes two high quality and detached warehouse/ production units at River Gardens, on the North Feltham Trading Estate.
Unit 675 is 2,474 sq m (26,630 sq ft) in total, including ancillary offices at ground and first floor level of 560 sq m (6,028 sq ft), or approximately 20% of the total unit.
Unit 676 is 1,872 sq m (20,150 sq ft) in total, including ancillary offices at ground and first floor level of 562 sq m (6,050 sq ft), or approximately 30% of the total unit.
Joint agents DTZ and DeSouza are marketing the units at a rent of £128.53 per sq m (£11.95 per sq ft).
Daniel Pagella at Slough Estates comments: "Despite the current sentiment within the market towards speculative development, Slough Estates has taken a long-term view in developing these units, which demonstrates ourcomplete confidence in and commitment to the West London and Heathrow area. We are confident that thesuperior quality of our buildings, will present an attractive offering to any customer seeking a warehouse or production facility in this location.."
Tunde Adegbemile, Associate Director at DTZ comments: "We are delighted at the completion of the first speculative development within 'theLHR.com' brand. The high quality of the product fits in well with its immediate surroundings, and we anticipate it will be the first in a series of of stock regeneration projects within the portfolio."
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For further information please contact:
Tunde Adegbemile, DTZ Tel: 020 7643 6511
Louisa Bartoszek, DTZ press office Tel: 020 7643 6131
Daniel Pagella, Slough Estates Tel: 01753 537 171