Fluor relocates HQ

Fluor Corporation has signed a contract to relocate its current UK headquarters and operations centre to the SEGRO IQ Farnborough development in Hampshire.

Financial terms of the transaction were not disclosed.

The real estate contract with SEGRO is to build a new company headquarters with a four-building complex comprising approximately 210,000 square feet.

The new headquarters 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 constructions. Fluor's current UK office is located in Camberley, Surrey.

Construction of the buildings is scheduled to commence in January 2009, with completion expected by mid-2010.

‘It is a tribute to the quality of the UK workforce and business environment that Fluor is announcing these major investment plans,’ said Lord Mandelson, the UK’s secretary of state for business. ‘A diverse and sustainable economy needs high-quality project management and engineering jobs and I am gladdened that a well-regarded global business such as Fluor is placing the UK at the heart of its operations to service Europe and the Middle East.’