SEGRO has completed £195 million (€232 million/$250 million) of investment in London, acquiring Grand Union Trade Park in Park Royal and growing its Inner London pipeline with the purchase of two assets in Wapping and Clapham, each 2.6 acres and providing extensive coverage in east and west London.
Grand Union Trade Park comprises 100,000 square feet of industrial space across more than four acres. The estate, which is fully let to a mix of trade suppliers, including Screwfix and Howdens, is adjacent to Tudor Industrial Estate and Premier Park, also owned by SEGRO, offering the potential for medium- and long-term, large-scale redevelopment. SEGRO has acquired Grand Union Trade Park from abrdn for an undisclosed fee.
The asset, to be known as SEGRO Park Wapping. is situated between the City Fringe opportunity area and Canary Wharf, making it the closest in SEGRO's portfolio to central London. The asset in Clapham, which will be named SEGRO Park Clapham, is located cl
