AEW secures 130,000 sq ft of Slough office lettings headed by Black & Decker HQ

The three leases completed comprise grade A offices totalling 128,665 sq ft. Hanover Green acts for AEW on leasing and professional work at Bath Road Central.

Stanley Black & Decker will upsize from its existing accommodation in 210 Bath Road Central, relocating to 48,915 sq ft (4,544 sq m) in 270 Bath Road Central effective Q1 2019, making a further 10 year commitment to the business park. Regus has committed to a new 11 year lease at 268 Bath Road, extending its occupation at the business park to a total of 31 years.The serviced office provider is set to make significant improvements to the 69,901 sq ft (6,494 sq m) building, which will include a new business lounge and café. Eaton Power has taken a new 10 year lease at 252 Bath Road Central, occupying 9,849 sq ft (915 sq m) on the first floor. There now remains one available suite in the building, totalling 9,720 sq ft.

Since acquiring the business park, which comprises 972,300 sq ft (90,330 sqm) of office and lab space across 18 buildings, in January 2016, AEW has implemented a comprehensive asset management programme including a rebranding of the office portfolio to Bath Road Central.

AEW said the business park now offers a number of added amenities and initiatives for tenants and their employees, including food markets, a summer fete, boot camp training and a range of retail services. AEW Europe bought Segro’s portfolio of offices on the Bath Road in Slough for £325m, reflecting a net initial yield of 6.26%, at the beginning of 2016.

Charlie Royle, director, AEW said: “We are delighted with the decision of all three occupiers to commit their future to Bath Road Central. This is testament to the strength of the park and the newly introduced amenity offerings. We are looking forward to announcing further exciting phases of amenity in due course. Already home to a raft of international businesses, Bath Road Central is at the heart of a catchment area that provides access to a highly skilled workforce and is home to the highest concentration of headquarter offices outside of Central London.”

 

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