Greggs move is icing on cake for SEGRO

Industrial property landlords SEGRO has welcomed national bakery chain Greggs to the Beeches Industrial Estate in Yate, near Bristol.

The  move is part of a nationwide programme launched by Greggs that will see it open outlets in places other than on High Street locations.

Greggs has taken a unit from which it will be able to provide a range of hot and cold food for people who work on the Beeches Estate. The bakery has already opened non-retail locations in Avonmouth, Bridgwater, Exeter, Swansea and Cardiff.

Chris Davies, leasing manager at SEGRO,  Europe’s leading provider of flexible business space, said: “We are delighted to welcome Greggs to the Beeches. This is part of a growing trend across our estates of providing good quality food outlets within easy access of our customers.  SEGRO already works with Greggs at our estates in Slough, Heywood and Trafford Park, Manchester.

“Having a good quality bakery on the site will improve choice and make life easier for people who work at the Beeches.”

 “The philosophy at SEGRO is one of encouraging businesses to flourish and succeed and attracting major chains like Greggs to open an outlet on one of our sites is a clear benefit to all involved.”

Jonathan Allen from Colliers International -  which markets the Beeches on behalf of SEGRO -   said: “We see the move as part of a developing trend. On many industrial parks around the country you will see an impromptu food outlet on a piece of scrubland nearby trying to meet the needs of the people who work there with breakfast baps and burgers. Greggs have recognised that need and are clearly responding to it.”

The Beeches Industrial estate is part of the Bristolworks cluster of industrial parks operated by SEGRO.  The Beeches, which is 95 per cent occupied, has also been used by the BBC to film interior shots of their TV hit Lark Rise to Candleford and continues to attract interest from prospective occupiers.

Savills acted on behalf of Greggs.

ENDS

Issued by Empica on behalf of SEGRO.  For more information please contact Martin Powell or Simon Harding on (01275) 394.

Notes to Editors

About SEGRO

SEGRO is Europe’s leading provider of flexible business space. The Group is a Real Estate Investment Trust (REIT), listed on the London Stock Exchange. SEGRO’s portfolio comprises £5.4 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorway intersections. The Group serves over 1,600 customers spread across many geographies and different industry sectors. It has 5.5 million sq m of built space and a passing rent roll of £340 million (as at 30 June 2011).