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Construction News

Fri April 19 2019

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Readie to build new Theale Park warehouse

2 Apr Real estate investment trust McKay Securities has appointed Readie Construction as contractor to develop Theale Logistics Park in Reading.

Construction of a 134,430 sq ft urban distribution warehouse starts this month with completion expected in December 2019.

A smaller warehouse on the site was demolished last year. McKay Securities, which bought the site in 2015, said that the new facility would increase the floor area by 39%.

Simon Perkins, chief executive of McKay, said: "The Theale site is well placed to benefit from the ongoing low levels of supply of quality mid-size distribution space in the Thames Valley alongside the continued growth of e-commerce supporting the logistics sector.”

He added: "Readie is an excellent contractor with significant experience in similar projects and we look forward to working with them on this exciting project."

Romford-based Readie Construction, in business only since 2008, specialises in big sheds for factories, warehouses and retail parks, turning over £200m a year.

MPU

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