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AIPUT completes five lettings at Heathrow’s Blackthorne Point logistics park

AIPUT completes five lettings at Heathrow’s Blackthorne Point logistics park

Aberdeen Standard Investment’s AIPUT fund (Airport Industrial Property Unit Trust) has today secured several new leasehold customers at Blackthorne Point, taking on a combined total of 45,000 sq ft, in addition to lease extensions agreed with two large existing tenants.  The new arrivals cite close proximity to the cargo terminals and the nearby motorway network as key elements in their decision to locate their operations at Blackthorne Point, which sits adjacent to the M25’s Junction 14.

Unit 12, 15 and 16 (totalling 3,019 sq ft) are now let to Micronutrients Ltd, London E Cargo Ltd and City2City Couriers, each within a month of the completion of the refurbishment.  Existing AIPUT customers, C.H. Robinson and Horizon International (two of Heathrow’s key cargo logistics specialists) have both extended their existing leases at Blackthorne Point.

Unit 10, a single unit of 8,665 sq ft, is the sole remaining space to be let.  It’s refurbishment has recently been completed, providing a Grade A warehouse facility at an established Heathrow location, offering a 6m eave height and secure 24/7 single-level access from a dedicated yard.  

Fraser Green, Portfolio Manager at Aberdeen Standard Investments commented: “We are delighted to add these new customers to the AIPUT Heathrow portfolio, at the same time as reinforcing our relationships with our valued existing customers, C.H. Robinson and Horizon International.

“We continue to work with all our customers to provide high quality, flexible warehousing and industrial accommodation around Heathrow Airport, giving them the necessary tools to compete in the current economic climate and deliver best-in-class service levels to their customers.”   

Jason Spencer Knox, Regional Director of CH Robinson, commented: “Blackthorne Point provides our business with excellent access to our customers.  The quality accommodation enables us to run a highly efficient operation out of our warehouse in Poyle, thereby providing the best possible service to our clients.”  

Sarah Downes, Director at JLL, added: “The fact that these units were let shortly after completion of the refurbishment demonstrates the strength of demand for quality accommodation at this key Heathrow Airport location.”

AIPUT was represented by JLL, DTRE and Eversheds Sutherland.                                                                                                                                                                             

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