Segro starts Advent Way construction
by James Wood Wed 9 October 2013, 2:29 pm
The developer Segro has started work on its 2.1-ha development project in Advent Way, Enfield.
A 44,100sq ft, 96-bedroom Premier Inn hotel will be built in the place of a disused factory, which was demolished to make way for the new development.
Industrial units suitable for businesses involved with urban distribution, trade counters, light industrial and storage facilities will account for part of the 84,150sq ft that Segro is developing on a speculative basis. A detailed planning application was approved by the council for the scheme in April.
Alan Holland, Segro’s business unit director for Great London, said: “This is an important investment for Segro in Enfield.
“It is our first speculative development project in north London and our first pre-let hotel agreement.
“This project demonstrates our commitment to creating modern business parks in major conurbations, and at the same time, providing local employment opportunities.”
The two phase development will aim to achieve BREEAM ‘Excellent’ level and is due for completion in August 2014.