Freight News, Air

Aiput makes airport property breakthrough

[ September 23, 2021   //   ]

Aberdeen Standard Investments’ Airport Industrial Property Unit Trust (Aiput) says it has almost doubled its ownership of land around Heathrow Airport with the completion of the freehold acquisition of a 75-acre site next to Poyle Trading Estate. It is the largest strategic land transaction in the area for over 20 years, it adds.

The site is close to Junction 14 of the M25 and Junction 4B of the M4. Poyle Trading Estate hosts Aiput’s 155,000sq ft Blackthorne Point Industrial Estate, where construction of a new speculative 27,800sq ft warehouse building is under way for delivery in Summer 2022.  Aiput’s existing customers at Blackthorne Point include UPS Supply Chain, Flostream and CH Robinson. 

Fund manager Nick Smith,  said: “Securing this substantial and uber-rare strategic site represents a huge opportunity for Aiput to leverage our scale, expertise and meticulous research to elevate and diversify the portfolio at pace. Our ambition here is to deliver Heathrow’s next generation of highly efficient, secure and sustainable logistics warehouses that offer the best value in a highly competitive market driven by rapidly evolving consumer behaviour and technological advancement. 

“Our immediate focus is to drive net income levels from the existing estate, whilst working collaboratively with all our neighbours and stakeholders to bring forward an exceptional redevelopment proposal that brings an extensive range of economic benefit for the region.”