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Developer to fund new Heathrow freight site

[ August 5, 2015   //   ]

Lothbury Investment Management is to fund a new cargo site near Heathrow. Developer Chancerygate is developing a single storey warehouse and headquarters at Poyle Central and the completed 43,500 sq ft building will have excellent access to the cargo terminal, it says. It will be available to let from summer 2016. It is described as a self-contained detached facility with fitted offices, as well as generous yards and separately accessed car parking for 33 vehicles. Poyle Central is next to Lothbury’s existing Colndale Industrial Estate and Unit 5 Arkwright Road.

Lothbury executive director, Mike Toft, said there was a restricted supply of industrial property near Heathrow . Adding: “ This will be ideal site for businesses supplying operators at the airport, from logistics and cargo companies to catering businesses.”

Chancerygate development manager, Jonathan Lee, commented: “Our original intention was to develop the site then offer the completed scheme to the investment market but then received strong institutional interest to forward fund.”

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