19th Jun 2006 10:16
19 June 2006 SLOUGH SIGNS NEW LEASES AT HEYWOOD DISTRIBUTION PARK, GREATER MANCHESTER Slough Estates International (SEI) has secured three new leases, totalling16,233 m‚² (175,000 ft‚²) at Heywood Distribution Park in Greater Manchester.Bibby Distribution Ltd, the UK's leading independent distribution company, hastaken a five-year lease on a 12,226 m‚² (131,600 ft‚²) unit. Alaris, theScottish-based Internet white goods company, which is doubling the size of itsoperation at the Park has signed a 10-year lease on a 2,887 m‚² (31,075 ft‚²)unit. Durston (UK) Ltd, the national bathroom distributor, has taken a six-yearlease on a 1,120 m‚² (12,054 ft‚²) unit, which will become the firm's first NorthWest regional distribution centre. Total annual rents for the three leasescombined amount to ‚£680,000 per annum.Kevin O'Connor, regional director of Slough Estates International, said:"The expansion of established occupiers and the arrival of a new company fromoutside the area shows Heywood's continued appeal and the buoyancy of the NorthWest market. Our strategy to provide units catering for small, medium and largeoccupiers is clearly paying off." -ends- For further information please contact:Slough Estates plc Maitland Michael Waring Colin Browne/Peter Ogden Tel: 01753 213335 Tel: 0207 379 5151 Slough Estates InternationalSlough Estates is the leading European provider of flexible business space andowns business parks in Europe and North America, with four million squaremetres of business space and over 1600 customers (as at 31 December 2005).Slough Estates' properties are in suburban locations in close proximity to themain business centres, where there is long term demand for businessaccommodation to serve these key economic regions. The company's mainactivities are currently based around London, Brussels, Paris, Dƒ¼sseldorf,Amsterdam, San Francisco and San Diego and the company continues to develop newbusiness parks with the long term objective of building shareholder value andenhancing its reputation for quality buildings offering excellent value tocustomers. www.sloughestates.comHeywood Distribution ParkIn July 2005, Slough Estates Plc purchased the holding entity owning HeywoodDistribution Park from a subsidiary of the Moorfield Group. At 77.28 hectares(191 acres), it is the largest single owned distribution park in the NorthWest. There is in excess of 213,675 m‚² (2.6 million ft‚²) of high qualityindustrial accommodation at the Park. The Park is located eight miles north ofManchester City Centre at junction three of the M66 and has excellent accessfor motorway and rail networks as well as Manchester Airport. Existingoccupiers include: Next, Argos, Kuehne & Nagel, J.D. Sports, Paul Hartmann, TwoWay International Logistics and Bibby Distribution.www.heywooddistributionpark.comENDSLOUGH ESTATES PLCRelated Shares:
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