Ocado signs Stockley Close space
Thu 30 July 2015, 4:18 pm
The world’s largest online grocery supermarket, Ocado, has signed a 15-year lease for two units at industrial developer Segro’s Stockley Close scheme in Hillingdon.
The units, totalling 5290sq m, will become Ocado’s distribution hub for south-west London, and will be converted to one larger unit. Segro developed the scheme on a speculative basis.
The project has been designed to achieve the top rating of ‘excellent’ by the sustainability assessor, BREEAM.
Ian Starling, Ocado’s head of property and network development, said: “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's why the location of Stockley Close is the perfect fit for our business. It will act as a hub to distribute to our customers in south-west London and helps us remain at forefront of the e-commerce revolution changing the way we shop and, ultimately, consume goods.”
Stockley Close is minutes from the M4 (J4) and the M25, providing access to Heathrow airport.
Alan Holland, Segro's business unit director for Greater London, said: “Distribution businesses like Ocado need to be in the right place in order to meet their customers’ needs and deliver products quickly and efficiently.”
The existing estate currently totals 17,768sq m and units are let to organisations such as Ryman, UTi Worldwide (UK), Transport for London and MNX Global Logistics. One 3,390sq m unit remains at the site.
Segro also recently let a 975sq m building at Stockley Close – on a 10-year lease – to Direct Entry Solutions, an international mail specialist.