Segro delivers on GeoPost deal
by Jim Dunton Fri 17 January 2014, 4:45 pm
Industrial property specialist Segro has reached a pre-let agreement to develop a 37,000 sq feet parcel-delivery centre in Reading for GeoPost.
The facility will be constructed at Segro’s 7-acre Imperial Way development, which is 3 miles from Reading town centre and one mile from Junction 11 of the M4 Motorway.
Segro chief operating officer Andy Gulliford, said the development would be the firm’s fifth for GeoPost, which is a subsidiary of France’s La Poste.
“This latest signing further demonstrates that Segro, with our well situated industrial parks on the edge of large urban conurbations, is extremely well-placed to capitalise on the growing demand for space from parcel-delivery companies and other companies which require urban distribution space to fulfil customer orders,” he said.
Construction is due to commence next month for completion in August.