Segro has appointed Cushman & Wakefield and Altus Edwin Hill as joint letting agents on its flagship Slough Trading Estate.
Agencies including DTZ, Savills and Jones Lang LaSalle made submissions to Segro in January in a bid to become the first retained industrial agent on the estate in its 88-year history.
The 487-acre scheme has more than 7.1m sq ft of lettable space and is the largest business park under single ownership in
The deal is thought to be worth up to 500,000 sq ft of instructions and around £0.5m in fees each year.
Segro has previously used an in-house team and local agents. However, it believes a national agency is needed to bring “
Segro’s Kevin O’Connor, the director of the Slough Trading Estate, said: “What we are very good at is repeat business but we would like to try and up the number of new customers.
“We are not missing out on any deals at the moment but it would be better for us to be more outward-looking. We are part of a much larger market than just
Slough Trading Estate has the largest share of Segro’s business. Worth an estimated £1.4bn it comprises 37.5% of its assets by value and has passing rent of £64.9m a year, according to a financial statement published in June 2007.
Tenants include Black & Decker, Harley Davidson manufacturer Thames Valley Motorcycles, Ferrari and O2.
