AIPUT announces lease extension with Schenker

- Group

AIPUT on behalf of the Unitair Partnership - which is a joint venture between AIPUT and the Airport Property Partnership - is pleased to announce the lease extension with DB Schenker at the Untair Centre, Great South West Road.

DB Schenker is a leading international cargo forwarder and logistics provider, and have occupied the iconic 160,000 sq ft cargo warehouse facility for several years. They have recently committed to a new HQ facility in the area, and will be transferring their operations there within the next 12 months.

Nick Smith, fund manager for AIPUT commented:
“We are pleased to extend our support to DB Schenker by way of this lease extension to help service their operational requirements whilst they take their Heathrow operation into a new chapter. At AIPUT we are focused on providing service support to meet our customer's requirements - whether over short or long term horizons. Naturally we are disappointed to see that DB Schenker will in time be leaving our facility – but wish them well for the future, and our team will now be embarking on delivering the exciting longer term strategy for the asset.”

Given the prime location of this facility, AIPUT will be exploring the various longer term options for the Unitair Centre. The details of these plans will be announced shortly.

Interested parties should contact Nick Smith on 0131 655 8445 or nick.smith@swip.com

July 2012