Slough by no means despondent

Slough Estates’ acquisition of the real estate division of Dutch firm Grontmij RE in Central Europe for EUR 19.5 mln is not a case of ‘business as usual’, but instead represents a radical change of approach for the British developer  has enabled Slough Estates to enter the CEE region (ie. Poland, Hungary and the Czech Republic) for the first time. Critical massThis strategic decision amounted to a huge shift in Slough’s priorities, and the British developer felt that the best way to implement the new strategy was to move into the growing and now well–established markets of Central Europe. As Mr Hollins explains: “CEE countries provide a real demand for growth – occupier demand, in terms of the industrial sector, is much higher than in western countries. This is perfect for us, as Slough concentrates its activities mainly on this kind of space. There are only a few better markets to come to than the CEE – this is where established and we