Octopus Energy expands hub at Slough Trading Estate
SEGRO has agreed a second lease for one of Europe’s largest investors in renewable power, Octopus Energy, to expand its presence at the Slough Trading Estate to almost 50,000 sq ft.
Octopus Energy’s facility on 212 Bedford Avenue, Slough Trading Estate
Octopus Energy has signed a ten-year lease for an 18,500 sq ft unit at 201 Bedford Avenue, located within proximity to its existing 24,000 sq ft facility at nearby 212 Bedford Avenue.
The new hub will employ 40 people. It will be used for the storage and distribution of energy-related products, such as heat pumps and photovoltaic solar panels, as well as providing office space. The modern fit-out includes a slide to connect the first and ground floor offices – a first in the 100-year history of the Slough Trading Estate.
The new unit complements Octopus Energy’s £10m flagship training and R&D centre on the Slough Trading Estate, which contains two replicas of full-size houses and aims to train around 1,000 plumbing and heating engineers to install air-source heat pumps, to help decarbonise Britain’s homes.
The deal reflects the alignment between Octopus Energy’s sustainability ambitions and values and the Responsible SEGRO commitments to champion low carbon growth and to be net-zero carbon by 2030.
Octopus Energy’s facility on 201 Bedford Avenue, Slough Trading Estate
James Craddock, Managing Director, Thames Valley at SEGRO, said:
“Our customers are increasingly seeking modern, high quality, sustainable warehouses and as such, SEGRO’s commitment to champion low-carbon growth – one of three key commitments from our ‘Responsible SEGRO’ framework – played a significant role in securing this letting.
“Octopus Energy has impressive plans to revolutionise the heat pump sector from its new base on Slough Trading Estate. Not only does it have good proximity to consumers in and around London, it also has access to a large pool of people to deliver these ambitions and benefit from the high skilled, high paid jobs.
Octopus Energy forms part of a diverse community of over 350 businesses at Slough Trading Estate, set over more than 470 acres. It is the largest industrial estate in single ownership in Europe with vacancy at less than 3%.
Notes to editors:
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 9.7 million square metres of space (104 million square feet) valued at £23.8 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.
For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.
A commitment to be a force for societal and environmental good is integral to SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.