AIPUT and APP launch world-class Heathrow logistics park (UK)

Altitude Heathrow has been launched through an existing 50/50 joint venture partnership between Airport Industrial Property Unit Trust (AIPUT), managed by Aberdeen Asset Management, and the Airport Property Partnership (APP), a joint venture between SEGRO and Aviva Investors.
Altitude Heathrow can accommodate up to 13,970 m² of leading edge industrial space and will provide flexible build-to-suit opportunities for a range of uses including air freight, urban logistics, light industrial, catering production and car showroom.
A gateway site, Altitude Heathrow is located close to Terminal 4, with quick access to Heathrow’s Cargo Terminal, Control Posts and the airport’s vibrant maintenance/hanger area, reinforced by its transport links on the A30 and the Hatton Cross Transport Interchange. The landmark site offers a desirable location for airport, cargo and logistics operators seeking efficient and direct access to the airport as well as Central London and the Thames Valley.
SEGRO, one of Europe’s leading real estate REITs, is the development manager of the project utilising their successful in-house planning and development capabilities. Real estate consultancy representation is from Savills and DTRE. APP is fund managed by Aviva Investors, and asset managed by SEGRO.
Nick Smith, Fund Manager of AIPUT at Aberdeen Asset Management says: “The launch of Altitude Heathrow onto this world stage marks a significant milestone for the UK’s leading hub airport, and will provide a unique and deliverable gateway site for the aviation and cargo communities to meet the expected improvement in trading conditions.”
Source: Swip