Last checked at 7 Nov 2011 07:00
SEGRO attracts 17th Data Centre to its portfolio
-125,000 sq ft pre-let signed to Infinity at Slough Trading Estate-
SEGRO, Europe's leading industrial REIT, announces that it has signed a 125,000 sq ft (11,600 sq m) pre-let for a new data centre facility with Infinity, at the Slough Trading Estate.
Infinity, the specialist data centre operator has agreed a 25 year lease with SEGRO for the development, with completion due in 2012. Including this pre-let to Infinity, SEGRO has now acquired or built 17 data centres across its portfolio and is now one of the UK's largest providers of data centre properties. In total, SEGRO has now developed 1,370,000 sq ft (127,000 sq m) for data centre operators.
The development will be 'fast-tracked' by SEGRO as a result of Slough Trading Estate's Simplified Planning Zone status, which means that developments that meet set criteria have outline planning consent and can be progressed quickly and efficiently to save occupiers' time and money.
David Sleath, Chief Executive of SEGRO said, "We are delighted to welcome Infinity as our latest data centre occupier. We have developed a very strong understanding of the requirements of this industry over the past 15 years and with our ability to develop build to suit solutions at secure locations, it is an industry sector where we expect to see continued growth."
Martin Lynch, CEO at Infinity said, "The area to the west of London is home to the highest concentration of IT and computing companies in Europe, so our move there is strategically advantageous. We are particularly pleased to be expanding our footprint with a partner as professional as SEGRO."
For further information please contact:
SEGRO | +44 (0) 207 451 9043 | Alex Shorland-Ball |
Tulchan Communications | +44 (0) 20 7353 4200 | John Sunnucks/ David Shriver |
For further information please contact:
About SEGROSEGRO is Europe's leading developer and owner of industrial space. The Group is a Real Estate Investment Trust (REIT), listed on the London Stock Exchange. SEGRO's portfolio comprises £5.4 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 1,600 customers spread across many geographies and different industry sectors. It has 5.5 million sq m of built space and a passing rent roll of £340 million (as at 30 June 2011).
About Infinity
Infinity provides a capital-free, outsourced data centre service to private and public sector organisations. Available as both bespoke and standard offers in short and long term contracts, Infinity focuses on delivering the highest levels of customer service and resilience at the lowest total cost of ownership. Infinity's service contracts enable businesses to take full advantage of lower operating costs at a time when capital is highly constrained. With one of the most experienced management teams in the industry and backed by two of the UK's leading financial institutions. Infinity has the capability and depth of funding to provide highly efficient data centre solutions matched to customers' budget envelopes and operational needs. For further information visit http://www.infinitysdc.com.