Prologis, the US owned logistics property giant, has bought a 30-acre Heathrow site.
The site at Stockley Park has been acquired in a joint venture between Kajima Europe, M&G Real Estate and Duelguide.
The moves comes as Prologis steps up its portfolio around the airport. It follows last week’s announcement of the acquisition of the nearby Venturis Park in Hayes.
Prologis proposes a mixed light industrial and distribution development at the site and will submit a planning application to Hillingdon Borough Council early next year.
The site, which is near Prologis Park Heathrow on Stockley Road, has easy access to Junction 4 of the M4 and is about two miles from Heathrow Airport.
“There is a good level of demand for industrial and distribution property in West London and very little supply, so we are delighted to have secured this site,” said Andrew Griffiths, managing director, Prologis U.K. “Prologis Park Heathrow has been a great success, and we plan to offer sustainable facilities that maintain the same high standards on this new site.”
Savills acted for Prologis and the Stockley Park Consortium was represented by JLL.