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AIPUT acquires 75-acre strategic site in west Heathrow

22 Sep 2021

AIPUT (Airport Industrial Property Unit Trust) managed by Aberdeen Standard Investments (ASI), has today completed the freehold acquisition of a 75-acre site to the west of Heathrow Airport, adjacent to the Poyle Trading Estate. The acquisition represents the largest strategic land transaction in the area for over 20 years.

The site is located close to Junction 14 of the M25 and Junction 4B of the M4, enjoying quick access to Heathrow International Airport, west London and the Thames Valley. The extensive motorway network, enhanced by excellent public transport links, also provides access to the rest of the country and the south coast ports, reinforcing the site’s strategic objective to support the country’s supply chain network and resilience.

This acquisition almost doubles the amount of land under AIPUT’s ownership around Heathrow Airport. It also represents a strong vote of confidence in Heathrow as a critical national infrastructure asset processing international trade and cross-border ecommerce, as well as a vitally important economic catalyst locally and across the wider south east and Thames Valley region.   

The adjoining Poyle Trading Estate hosts AIPUT’s 155,000 sq ft (NIA) Blackthorne Point Industrial Estate, where construction of a new speculative 27,800 sq ft warehouse building is under way for delivery in Summer 2022.  AIPUT’s existing customers at Blackthorne Point include UPS Supply Chain, Flostream Ltd and CH Robinson Worldwide.

Nick Smith, AIPUT Fund Manager, commented: “As a long-term responsible investor, AIPUT is dedicated to owning and developing exceptional industrial logistics real assets that set new standards in design and sustainability performance that are, above all, highly appealing to the modern occupier and its staff.

“Securing this substantial and uber-rare strategic site represents a huge opportunity for AIPUT to leverage our scale, expertise and meticulous research to elevate and diversify the portfolio at pace. Our ambition here is to deliver Heathrow’s next generation of highly efficient, secure and sustainable logistics warehouses that offer the best value in a highly competitive market driven by rapidly evolving consumer behaviour and technological advancement.

“Our immediate focus is to drive net income levels from the existing estate, whilst working collaboratively with all our neighbours and stakeholders to bring forward an exceptional redevelopment proposal that brings an extensive range of economic benefit for the region.”           

 

AIPUT is a market-leading industrial fund, representing a significant and attractive national infrastructure portfolio around London’s major international airports. AIPUT’s expertise and cycle-tested track record has been forged over 15 years. AIPUT is currently ranked top of the AREF/PFI index, delivering a total return of 27% in the year to June 2021 despite the challenges posed by the Covid pandemic.  

AIPUT was advised by Chappell King Aviation Real Estate, John Linton Property and Eversheds Sutherland. 

Ends

 

Media enquiries

For further images or information, please contact:

Gordon Cole-Schmidt/John Mills:  020 7630 1411

AIPUT@thecommunicationgroup.co.uk

The Communication Group plc

 

Andrea Ward

0131 245 0001

andrea.ward@aberdeenstandard.com

 

Notes to editors

 

About AIPUT

  • Aberdeen Standard Investments’ Airport Industrial Property Unit Trust (AIPUT) is an award-winning expert long-term investor specialising in industrial property at and within major UK airport ecosystems. AIPUT is the only specialist airport-focused industrial fund in the UK for expert institutional investors, with a life until 2036. AIPUT aims to deliver a positive ESG (Environmental, Social and Governance) performance impact from undertaking responsible investment activity throughout its portfolio, with a strategic target to achieve operational carbon neutrality across the portfolio by 2025.
  • The fund, which marked its 16-year anniversary in March 2021, manages a prime portfolio of properties providing high-quality and customised warehouse and logistics space: 
    • £0.8 Billion assets under management (@ June 2021)
    • 21 assets, amounting to c2.5m sq ft, spread over 200 acres
    • 2.3m sq ft of assets at Heathrow, making AIPUT one of the largest landlords around the airport, serving the evolving needs of the airport and the air-freight related industry, and increasingly the 7 million people that live and work in the area, with the ultimate objective to shape a thriving and resilient airport ecosystem that everyone can benefit from and enjoy
    • Assets at London’s three major international airports: Heathrow (92%), Gatwick (4%) and Stansted (2%)
    • Clients and investors – pension funds & expert institutional investors
    • More information can be found at AIPUT’s dedicated website: www.aiput.co.uk

 

 

About Aberdeen Standard Investments

  • Aberdeen Standard Investments is one of Europe’s largest real estate investment managers, managing £41.7 billion of real estate assets across UK, Europe and Asia. Our dedicated team of over 190 real estate investment professionals manages more than 1,600 real estate assets worldwide, and are based in offices around the globe (including London, Edinburgh, Frankfurt, Paris, Stockholm, Copenhagen, Amsterdam, Hong Kong, Singapore, Boston. (30 June 2021)
  • Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. With over 1,000 investment professionals, we manage £456.6 billion* of assets worldwide and have clients in c.80 countries. (*as of 30 June 2021)
  • We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
  • You can access the Aberdeen Standard Investments media centre here: https://www.aberdeenstandard.com/news-and-media
  • In April 2021, we announced our intention to rebrand to The new name will be used for our publicly listed company and all client and customer facing businesses. The rebranding roll-out process for the new name and associated visual identity will begin in the summer and progress through 2021, alongside implementation of a full stakeholder engagement plan to manage the transition.

 

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