Segro Regulatory News (SGRO)

SEGRO Welcomes Atos and Grant Thornton to Building 1020 at IQ Winnersh

62,400 sq ft (5,620 sq m) let in three deals

SEGRO, Europe's leading provider of flexible business space, is pleased to welcome Atos and Grant Thornton to Building 1020 at its IQ Winnersh business park.

This landmark building, comprising 89,100 sq ft (8,020 sq m) of Grade A energy efficient office accommodation, situated at the entrance to IQ Winnersh, was developed on a speculative basis by SEGRO and completed in 2010.

SEGRO has leased 47,200 sq ft (4,250 sq m) to Atos, the international IT services company and a further 12,000 sq ft (1,080 sq m) to top five accountancy firm Grant Thornton. Atos, which has recently completed the acquisition of Siemens IT Solutions and Services to create a new IT leader, will occupy floors two and three of the four storey building whilst Grant Thornton will occupy part of the first floor.

In addition, SEGRO is pleased to have facilitated the expansion of its existing customer QlikTech, a business intelligence software company, who needed more space at IQ Winnersh. QlikTech has taken occupancy of a new 3,200 sq ft (290 sq m) office in Building 1000 which is in addition to its existing accommodation on the park, at 130 Wharfedale Road.

This additional space houses QlikTech's new European business development hub supporting the company's expanding customer base of small and medium-sized public and private organisations across Europe.

This trio of deals means SEGRO has leased space totaling 62,400 sq ft (5,620 sq m) at IQ Winnersh in the last two months.

At the same time as it speculatively developed Building 1020, SEGRO also developed Building 1010, totalling 72,600 sq ft (6,530 sq m), which was pre-let to Harris Systems in 2010. Together these buildings total 161,700 sq ft (14,550 sq m) of which 82% of the combined space is now occupied.

Gareth Osborn, SEGRO's Business Director responsible for the Thames Valley said, "The combination of a prime location in the South East of England, state of the art buildings, good amenities and excellent transport links is the key to attracting global companies to IQ Winnersh. We are delighted to welcome our new customers who join Virgin, Intel, Jacobs Engineering, Microchip and Harris Systems on the site. All of these companies have been attracted to IQ Winnersh due to our ability to find innovative and high quality solutions for their property requirements."

Geraint Williams, UK & Ireland Real Estate Director at Atos, said, "We are delighted to be based at IQ Winnersh. This office development has been built to a very high standard and we were particularly attracted by the innovative, sustainable and energy conscious accommodation which is exactly what we need for our operations. We favoured IQ Winnersh due to its excellent transportation links and the ease of access for employees getting to and from the office. We are pleased to have worked with SEGRO in securing this location."

Stephen Hart, Head of Property at Grant Thornton, said, "We are delighted to be moving to such a high quality property and look forward to increasing our presence in the Reading market."

IQ Winnersh has its own integrated transport network - it has a dedicated railway station, is situated close to Junction 10 of the M4 motorway and provides a 10-minute bus shuttle service to central Reading. It is home to over 40 companies, including offices, R&D facilities, datacentres, and laboratories which are supported by a comprehensive range of amenities including hotels, conferencing, dining, retail and leisure.

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About SEGRO

SEGRO is Europe's leading provider of flexible business space. The Group is a Real Estate Investment Trust (REIT), listed on the London Stock Exchange. SEGRO's portfolio comprises £5.3 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorway intersections. The Group serves over 1,700 customers spread across many geographies and different industry sectors. It has 5.6 million sq m of built space and a passing rent roll of £326 million (as at 31 December 2010).