Fluor Opens New UK Headquarters

Fluor announced that several of its senior executives, along with notable UK Government officials, local dignitaries and SEGRO executives participated in the official groundbreaking ceremony for Fluor's new UK headquarters in Farnborough.

In November 2008, Fluor announced the relocation of its UK operations centre to SEGRO's IQ Farnborough development in Hampshire. While financial terms of the transaction were not disclosed, it was reported that the deal was one of the largest real estate transactions in the Thames Valley since 2001.

"This will be a world-class centre of excellence in Farnborough," said Lord Mandelson, the UK Government's Secretary of State for Business, Enterprise and Regulatory Reform. "The jobs and skills that this sustains will help strengthen Britain's capacity as a world leader in engineering. The sector is vital to the UK's future success, and we welcome Fluor's investment. I am gladdened that a well-regarded global business such as Fluor is placing the UK at the heart of its operations."

"Fluor has a long history of meeting the needs of our UK and international clients from our UK operations centre and this new location and state-of-the-art facilities will greatly improve our ability to do just that," said David Seaton, president of Fluor Corporation's Energy & Chemicals Group. "Relocating to Farnborough IQ will help Fluor with recruiting and retaining employees, commuting to and from work, realizing energy efficiencies as well as having access to world class amenities. We look forward to being an active corporate citizen in the region."

"Today is a great day for Fluor and for our UK employees." said Ian Thomas, Managing Director of Fluor LTD. "For more than 50 years, Fluor has been active in many key UK markets such as energy and chemicals; power; renewable energy; manufacturing and life sciences; nuclear; transportation and telecommunications. In the UK, we have nearly 1,800 employees working for clients from around the globe helping them meet the needs of their customers in diverse end markets. Farnborough is the ideal place for Fluor to execute our work of behalf of these clients."

Construction of the new campus is now underway, with completion expected by mid-2010. Fluor has been headquartered in Camberley since the mid-1980s and has maintained a permanent operation centre in the UK for more than 50 years.

Fluor's new UK headquarters will include a state-of-the art, four-building complex comprising approximately 210,000 square feet. It will consist of one building of approximately 76,000 square feet owned by Fluor and an additional 134,000 square feet of leases in three other adjoining buildings. All four buildings will be new construction. Fluor's current UK office is located in Camberley, Surrey, which is a short five miles from the new office site.

IQ Farnborough is a SEGRO-owned work/live development located approximately 35 minutes southwest of London and adjacent to the Farnborough airport. Many UK-based and international companies maintain offices and operations at the location.