14th Feb 2006 15:07
Slough Estates PLC14 February 2006 SLOUGH ESTATES' ACQUISITION IN GERMANY 30HA LOGISTICS PLATFORM AT KREFELD Slough Estates International ("SEI") has agreed the acquisition of a 30halogistics site from the ThyssenKrupp Group, at a phased purchase price of€19.05m. This prime site is to the west of Dusseldorf, in close proximity to theairport, and has direct access to the A44 motorway. The site will also beconnected to the railway network. It is one of the only viable sites forlogistics development close to the city of Dusseldorf. SEI will develop 117,000m(2) of light industrial and logistics accommodation in6 buildings in a low density environmentally sensitive scheme. The delivery ofthe first phase is anticipated for 2007. SEI General Manager in Germany, Dr. Udo Titz, said: "We are extremely pleased to have been able to acquire this prime site for alogistics platform and look forward to developing out a first class logisticsscheme. We believe this acquisition complements our existing portfolio anddevelopment pipeline." SEI Managing Director, Europe, Walter Hens, said: "This transaction increases our Continental European logistics network andallows us to offer international solutions to pan European logisticians". Elsewhere in Continental Europe, Slough Estates International's main interestsare in Belgium, Germany, France, The Netherlands, the Czech Republic, Hungaryand Poland. Further Information Slough Estates The Maitland ConsultancyMichael Waring Colin Browne01753 213335 020 73795151 Notes to editors Slough Estates plc (Listed on the London Stock Exchange - stock code: SLOU.L) Slough Estates is a leading provider of flexible business space in businessparks in Western Europe and North America, with over 1500 customers occupyingapproximately 3m square metres of business space. Slough Estates' properties arein suburban locations in close proximity to the main business centres, wherethere is long term demand for business accommodation to serve these key economicregions. The company's main activities are currently based around London, Brussels,Paris, Dusseldorf, Amsterdam, San Francisco and San Diego and the companycontinues to develop new business parks with the long term objective of buildingshareholder value and enhancing its reputation for quality buildings offeringexcellent value to customers. www.sloughestates.com At its interim results in 2005 Slough Estates highlighted increased developmentstarts in Europe with 5,509 sq m completed in H1, 64,029 sq m under constructionat the end of the first half of 2005 and with 56,112 sq m of possible starts inthe second half of 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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