Oct 4, 2004
Following the successful letting campaign at Phase 100 Parkbury, St Albans, Slough Estates is pleased to announce the launch of 'Phase 200': a new speculative industrial/warehouse development, at which construction has recently commenced.
Phase 200 will provide 9,453 sq m (101,758 sq ft) of industrial / warehouse accommodation which will comprise 12 units, ranging in size from 407 sq m (4,382 sq ft) to 1,432 sq m (15,420 sq ft), although combinations of units will be offered to provide larger units. The development will be of high quality, incorporating fully fitted offices at first floor level and 6m eaves and enclosed yards to specific units.
The development is well located adjacent to the A5183 Radlett Road, north of Elstree. St Albans, Watford, Edgware and the M1, M25, M10 and A1 are all easily accessible.
There is now only one building remaining at 'Phase 100', which comprises a detached warehouse of 23,233 sq ft and benefits from an enclosed gated yard, fully fitted offices to first floor and eaves height of 8m. The property has main road frontage.
Robert Cragg, Leasing Surveyor at Slough Estates commented: "We are delighted to announce the start of the next speculative phase of development at Parkbury, following the recent letting success we have had at Phase 100. Phase 200 Parkbury will offer new industrial/warehouse space at a competitive price and will represent an excellent opportunity for businesses looking for modern premises in the Hertfordshire area."
Paul Gallagher, Director at Lambert Smith Hampton's St Albans office added: "The quality of Slough's product and attention to detail has attracted good quality occupiers and the competitive quoting rent of £7.75 per sq ft on the first phase has led to 6 lettings in the last 18 months, making Parkbury the most successful new scheme in the area."
For further information contact:
Slough Estates plc
Robert Cragg
Tel: 01753 537171
Shared Value Limited
Emily Bruning
Tel: 020 7321 5027
Slough Estates is a leading provider of flexible business space in business parks in Western Europe and North America, with over 1700 customers occupying 2.9 million square metres of business space, with a total value of £3.6 billion. Slough Estates' properties are in suburban locations in close proximity to the main business centres, where there is long term demand for business accommodation to serve these key economic regions. The company's main activities are currently based around London, Brussels, Paris, Düsseldorf, San Francisco and San Diego and the company continues to develop new business parks with the long term objective of building shareholder value and enhancing its reputation for quality buildings offering excellent value to customers.
www.sloughestates.com