UK REIT Segro has agreed a 44,100 sq ft (4,100 m2) pre-let development with Premier Inn to construct a five storey, 96-bedroom hotel and restaurant at Advent Way, Enfield, North London.
UK REIT Segro has agreed a 44,100 sq ft (4,100 m2) pre-let development with Premier Inn to construct a five storey, 96-bedroom hotel and restaurant at Advent Way, Enfield, North London.
In addition, Segro will undertake the speculative development of 84,150 sq ft of space adjacent to the hotel to create a business park suitable for businesses involved with urban distribution, trade counters, light industrial and storage facilities.
This is the first development Segro has secured with Premier Inn, part of Whitbread. The hotel will include a ground floor bar/restaurant, business meeting room facilities and 96 car parking spaces.
Construction is due to commence in July 2013, with the completion of the speculative development in March 2014. The hotel is scheduled to open in May 2014.
Alan Holland, Segro's Business Unit director for Greater London, said the speculative development in Enfield is a first for Segro in North London.
Segro is targeting BREEAM ‘Excellent’ for the two phases of the development.
