AIPUT pre-lets entire heathrow cargo park to dnata

- Group

AIPUT has now pre-let the entire park to dnata following their commitment of Phase I in July 2012, and will provide premium cargo handling facilities of over 19,104 sq m (205,640 sq ft) across three customised units. The scheme will be Heathrow airport's largest pre-let to a cargo and aviation related operator for over 12 years.

With planning consent secured, work has now commenced on the project to deliver this warehouse hub later this year. Once complete the scheme will unify dnata's existing facilities in the area, and strengthen Heathrow's cargo handling offer and global position.

The former Blackburn & Court Farm Estate is located in a prime location opposite the Heathrow Cargo Terminal and British Airways/IAG's World Cargo Centre, and is a strategic asset for AIPUT. The fund owns a significant proportion of the industrial warehouses in this important area for Heathrow's cargo community.

Nick Smith, Manager of the Airport Industrial Property Unit Trust, said:
“This is an exciting and momentous announcement for both AIPUT and Heathrow and reaffirms our investment and commitment to complete the whole cargo park for our esteemed customer dnata.

Our flagship development will provide market leading facilities and efficiencies for dnata to deliver world-class solutions for their international carriers, and an outstanding asset for our investors. This result is testament to our scale, knowledge, and deep understanding of airport real estate, and will ensure 2013 is a defining year for AIPUT and our partner dnata, whilst simultaneously serving the aviation community.”

Gary Morgan, dnata CEO UK, said:
“We are delighted to be partnering SWIP for this prestigious 'dnata City' complex at London Heathrow, a project that already is being well received by the cargo community at this vital UK gateway airport”

AIPUT was represented by Canmoor Developments, Dowley Turner Real Estate and Eversheds. dnata was represented by Lambert Smith Hampton and Wragge & Co.
January 2013