SEGRO, advised by Glenny LLP, has let a 23,800 sq ft unit at SEGRO Park Rainham – representing the first large industrial letting at the site. Specialist tool and fit-out supplier MEP Hire has signed a 15-year lease and will take occupation of the space in spring 2018. The new MEP Hire facility is well-located, sitting adjacent to the A13. Alan Holland, SEGRO’s business unit director Greater London, said “Signing with MEP Hire at SEGRO Park Rainham delivers quality industrial space and creates employment opportunities in the London Borough of Havering.” Peter Higgins, Divisional Partner at Glenny, said: “Following the recent lettings at SEGRO’s pioneering Enterprise Quarter last month, this first large industrial letting at the adjacent Park Rainham site is a major milestone. Park Rainham offers quality, Grade A industrial warehouse facilities, which will help to meet the requirements of an evolving industry in East London. Park Rainham sits within SEGRO’s wider East Plus regeneration scheme, which comprises 86 acres of brownfield land across Newham, Barking & Dagenham and Havering. East Plus is set to deliver 1.4m sq ft of modern industrial space over the next 10 years. Glenny acted as joint agent alongside Knight Frank and Lambert Smith Hampton.
First large industrial letting secured at SEGRO Park Rainham
By Robert McAllister