Segro Sells

The steady development of SEGRO’s IQ Farnborough is continuing with the prospective sale of a 15 acre site to TAG Aviation. As the owner of the nearby Farnborough Airport, TAG is looking to develop an office and airport facilities scheme as part of a policy of operational expansion at the airport. The SEGRO site has planning permission for a 26,570 sq.metres (286,000 sq.ft.) office complex. In nearby Aldershot, the plan for an expansion of the town by the Homes and Communities Agency (HCA), in conjunction with Defence Estates has moved
a step nearer with developers being invited to bid for the site. The plan is for a mixed use scheme of 4,500 residential units with a whole range of other
facilities, such as local centres and leisure facilities. The site has been released as part of the Strategic Defence Review. Drivers Jonas Deloitte will be the adviser for the sale. DJD’s Alex McKinlay said: “The Aldershot Urban Extension is the most significant MOD property to be sold outside London in the last decade. We expect
competition to be fierce among the leading players in the development field.”
Kevin Bourner of the HCA said: “We will ensure that the new development serves the people of Aldershot and invigorates the town centre. The winning bidder will have to achieve high standards of sustainability and design.”




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