Business | PropertySegro starts building new industrial park on former Nestle site in HayesSegro is creating a new industrial park in HayessegroJoanna Hodgson29 March 2021Segro has started construction on its next major project, which will see the warehousing giant redevelop part of a former Nestle chocolate and coffee factory in west London.The landlord and developer, which has seen high demand for space during the pandemic as retailers try and cope with more online orders, will create four warehouse properties totalling 239,665 square feet at the site in Hayes.One of the buildings, nearly 100,000 square feet, has already been pre-let to a firm, which has not yet been named.But, in a vote of confidence that demand for logistics space will continue to soar in the capital, Segro will build the other buildings speculatively, without any tenants signed up. The FTSE 100 company pointed to sustainability features at the site, including electric vehicle charging points..Read MoreDeliveroo drops its IPO valuation by nearly £1 billion citing choppy marketsFTSE 100 falls as traders brace for damage from Viacom sell off and hedge fund blowupProperty investor goes on £85m shopping spree in supermarket sectorLogistics ‘top of the pops’ in the commercial property rent collection tableThe industrial park forms part of a wider regeneration of the 30-acre former Nestle factory site, with builder Barratt delivering over 1,300 new homes on the remainder of the site.MORE ABOUTSEGROConstructiondeveloper
