Lothbury secures planning for €22.7m Heathrow industrial scheme (GB)

Lothbury secures planning for €22.7m Heathrow industrial scheme (GB)

Lothbury Investment Management Limited has secured a planning consent for the development of four industrial units totalling 75,000ft² at Colndale Road, Poyle, close to London Heathrow Airport.


The €22.7m (£20m) project sees the demolition of existing mainly 1960s and 1970s buildings and structures, located on a site of c. 3.5 acres, to create a new ‘best in class’, multi-let industrial estate targeting BREAAM Excellent and Net Zero Carbon in Construction.


Adam Smith, Executive Director at Lothbury Investment Management, said: “The development of this estate will provide a high-quality product that will enhance both the returns and the ESG credentials of the Fund. The occupier base in this location is widening beyond solely airport-related businesses due its proximity to London and the national motorway network. The supply-demand dynamics will support strong rental growth over a significant time horizon.”


Colndale Road has excellent access to London Heathrow airport cargo terminal, junction 14 of the M25 and the M4.

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