Air Today, Gone Tomorrow

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16 May 2019

In the week ending May 17, Aberdeen Standard Investment’s AIPUT fund (Airport Industrial Property Unit Trust) secured several new leasehold customers at Blackthorne Point.

Leaseholders have taken on a combined total of 45,000sq.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 the site, which sits adjacent to the M25’s Junction 14.

Refurbishment

Unit 12, 15 and 16 (totalling 3,019sq.ft) are now let to Micronutrients Ltd, London E Cargo Ltd and City2City Couriers, each within a month of the completion of a substantial 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.

Grade A warehouse

Unit 10, a single unit of 8,665sq.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 6 metre eave height and secure 24/7 single-level access from a dedicated yard.  

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.

Picture: Blackthorne Point near Heathrow.

Article written by Brian Shillibeer | Published 16 May 2019

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