SEGRO has launched a further speculative phase at its Origin industrial park, NW10, and confirmed lettings to online supermarket Ocado, fruit and vegetable distributor Mash Purveyors and John Lewis on its flagship development.
Estates Gazette revealed in September that Ocado was committing to a 68,000 sq ft unit under construction on a 15-year lease, while John Lewis has signed a 25-year lease for 108,000 sq ft of build-to-suit space.
Construction on the John Lewis shed will begin in spring 2015.
Subject to planning consent, SEGRO will now build out 99,560 sq ft of speculative space across two units as part of the second phase of development on the site.
Only one 36,015 sq ft unit remains to be let at the scheme, with construction of phase one complete.
Origin sits on the 22-acre former Guinness Brewery site on the Park Royal estate in West London – one of the most sought-after industrial locations in the country.
Ocado head of property and network development Ian Starling said: “As the world’s largest dedicated online grocery supermarket, having quick and direct access to our customers is vital for our business. We want to deliver to our customers the best quality product in the shortest time.
“That is why we are delighted to be moving to Origin. Its location means that we can continue to be at the forefront of the e-commerce revolution changing the way we shop, and ultimately, consume goods.”
SEGRO chief executive David Sleath said: “The letting is another illustration of how SEGRO is providing high quality warehouse properties in just the right locations to enable our customers deliver their products quickly and efficiently to their consumers.
“Following the successes already achieved, we are also pleased to announce that we will now speculatively build the final element of Origin and which will provide a further 99,560 sq ft of first-class accommodation for businesses wishing to serve the capital.”
Deputy mayor of policy and planning Sir Edward Lister said: “Park Royal is one of the most significant industrial areas in Europe so I am delighted that we can now add Ocado, Mash Purveyors and John Lewis to the long list of businesses that are based there. The arrival of HS2 and Crossrail will be a real game-changer for Park Royal and neighbouring Old Oak Common, stimulating regeneration on an almost unprecedented scale. The mayor is proposing to establish a mayoral development corporation for the area that will drive through these exciting plans and ensure that developments like Origin can reap the enormous benefits of this once-in-a-generation opportunity for many decades to come.”
