Colliers International, Savills and Cushman & Wakefield are battling it out to join Jones Lang LaSalle as joint agent on one of Europe’s largest commercial developments, EGi News has learnt.
The three agents have been shortlisted to advise SEGRO on its 20-year regeneration of its Slough Trading Estate.
The estate is currently home to 7.5m sq ft of business space set across 485 acres and is Europe’s largest trading estate in Europe in single ownership.
Jones Lang LaSalle has been SEGRO’s long-term adviser.
The group’s £300m masterplan proposes the redevelopment and extension of the park to create five business environments and more than 4,000 new jobs.
The joint instruction will focus on the marketing of 1.5m sq ft of new offices and 300,000 sq ft of standing stock including light industrial.
The plans also envisage a ‘central core’ in the middle of the estate, including office space, shops, restaurants, cafes, a hotel, serviced offices, education and recreation facilities. A new transport hub will also be created.
paul.norman@estatesgazette.com
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