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Industrial letting at Rainham

By Natalie Vincent - Fri 9 March 2018, 12:58 pm

Specialist tool and fit-out supplier MEP Hire signed a 15-year lease for a 2,211sq m unit at SEGRO Park Rainham - representing the first large industrial letting at the site.

Developer SEGRO was advised by property consultant Glenny, with the park forming part of SEGRO's wider East Plus regeneration programme, which comprises 34.8ha of brownfield land across Newham, Barking and Dagenham and Havering.

East Plus is set to deliver 130,064sq m of modern industrial space over the next 10 years.

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.

"It offers quality, grade A industrial warehouse facilities, which will help to meet the requirements of an evolving industry in east London."

Glenny acted as joint agent alongside Knight Frank and Lambert Smith Hampton.

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