Segro has appointed Cushman & Wakefield and Altus Edwin Hill as joint agents on its flagship Slough Trading Estate.
The appointments are the first time that Segro has had retained agents on the estate, worth £1.4bn, in its 88-year history.
In the past it has used its in-house team, who will continue to work with the new agents.
Kevin O’Connor, director of the Slough Trading Estate, said: ‘It is the first time we have had an estate wide appointment. I took over in October and you could say, what have we got wrong? We’ve had good lease progress and low void rates, but we’re conscious that a lot of our business is with existing customers.
‘I feel it was a little too introspective – opening up to agency practices will open up broader markets for us on existing buildings and also on the longer term regeneration of the site.’
No comments yet