SEGRO buys Nestlé site
Tue 27 January 2015, 10:01 am
SEGRO has purchased a 12.14-ha site in Hayes, which has been home to the food and drink company, Nestlé, for more than a century.
Nestlé will continue to occupy the site for up to six months from the beginning of 2015, during which time they will decommission it.
Throughout this period, SEGRO will consult with Hillingdon Council, the Greater London Authority and the local community over its plans for the site.
Located less than a mile from junction 3 of the M4 motorway, the site is also next to the Hayes and Harlington railway station, which is due to become a Crossrail station in 2018.
Andrew Gulliford, SEGRO's chief operating officer, said: "2014 was a busy year for development and this transaction is an excellent way to add to our Greater London land bank in a location where occupier demand is strong, and there is a lack of modern warehouse and urban distribution facilities."