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BT takes space at SEGRO’s Croydon scheme
29 November 2023
BT Group is the first occupier at developer SEGRO’s 150,000 ft2 plus SEGRO Park Croydon Redhouse Road scheme in southeast London.
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By Liza Helps Property Editor Logistics Matters
BT GROUP has agreed a lease on two units totalling 13,121 ft2, which will be occupied by its engineering team alongside the business’s broader operational functions. The units will be used as ‘stock locations,’ which will enable engineers to order and collect a range of key equipment needed for work in the area.
BT Group’s Property & Facilities Services Director Brent Mathews, said: “It is essential that engineers across BT Group have quick and easy access to the tools and resources they need to carry out a range of important tasks.
“Securing these two units allows us to provide a base in Croydon for our colleagues to order and collect equipment needed for jobs in the area, making it faster and more efficient to carry out work for our customers.”
SEGRO Park Croydon Redhouse Road comprises seven units built to BREEAM Excellent and EPC A ratings. The remaining five units range from 9,155 to 83,827 ft2. They benefit from a range of sustainability features, including photovoltaic panels on each unit to provide lower carbon energy and reduced energy costs, as well as electric vehicle charging points and cycle shelters to support customers and their employees on their transition to make more sustainability journeys.
SEGRO Head of London Bonnie Minshull, said: “While the development makes an ideal last mile urban logistic hub within the south London market, this deal demonstrates it is also suitable for other uses and there is demand from a diverse range of businesses that are looking for excellent quality warehouse space in prime locations close to their markets and employment pools.
Joint letting agents are Savills and Altus Group.
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