Airport Industrial Property Unit Trust (AIPUT) will soon start construction on its latest airport-related warehouse development in the Heathrow area.
The new development is located at Blackthorne Point, immediately to the west of Heathrow Airport on the Poyle Trading Estate. Work on the site will start in January and it is hoped to be completed by August.
AIPUT’s existing customers at Blackthorne Point include UPS Supply Chain, Horizon International and CH Robinson.
Fraser Green, asset manager for AIPUT owner abrdn, said: “This welcome addition to AIPUT’s Heathrow portfolio marks the latest phase in our accelerated investment strategy to deliver exceptional warehouse space that is efficient, sustainable and offers great value for money.
“At a time of historic low vacancy levels set against a growing and more demanding occupier base, we expect to secure a pre-let for our building early in the New Year.”
Earlier this year, AIPUT teamed up with Logistics UK to try and encourage the government to invest in the air cargo sector.
The fund has also announced several new projects and expansions in the Heathrow area over the last few years (see below).
https://www.aircargonews.net/cargo-airport/work-underway-on-new-dnata-heathrow-facility/
https://www.aircargonews.net/cargo-airport/kn-extends-at-heathrow-south-to-meet-pharma-requirements/
https://www.aircargonews.net/cargo-airport/new-warehouse-planned-opposite-heathrows-terminal-5/
https://www.aircargonews.net/airlines/dnata-to-expand-at-heathrow-with-new-cargo-facility/
