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Our business

Who we are

AIPUT is a market leading investor in high quality industrial warehouses at and around major UK airports, in particular London Heathrow. Our investment portfolio totals 2.5 million square feet (sq ft) and is valued at over c£900 million across 20+ assets.*

First and foremost, we are a responsible investor established for over 20 years. We are one of the UK airport industry’s most innovative specialist investors, managers and developers. With a fund life until 2036, we are dedicated to our core strategy of satisfying customer needs and developing long term relationships for mutual benefit.

AIPUT is managed by abrdn from our London and Edinburgh offices which gives us scale, global reach, people on the ground and a strong entrepreneurial spirit.

Our world-class portfolio supports a range of international businesses of all sizes from across the globe.

*As at December 2021

AIPUT History
AIPUT Who we are

 Our Vision

We aim to be the leading customer-focused manager of airport industrial property at the major London airports. Our goal is to be recognised as a trusted, valued and respected partner.

 Our Mission

We’re committed to using our expertise, track record  and deep understanding of the airport industrial property market to unlock value for our customers and to provide consistent and sustainable returns for our investors.

Our investment drive is London focused, embracing the growth and connectivity from the world’s largest metropolitan aviation market.

Our Strengths

  • Unrivalled expertise and understanding of the airport industrial market
  • Strong reputation for quality and innovation
  • Ability to leverage our assets to enhance value for the long term
  • Scale and data-driven insights to anticipate future trends

     Our Values

  • Customer centric
  • Value for money
  • Performance
  • Integrity

    • People

    Logistics is a people business.

    AIPUT is able to make a difference because of our dedicated specialist team. Having expert people on the ground is a core element of our strategy. We’re a focused team that values diversity, ambition and a collaborative ‘can-do’ attitude to deliver best in class, innovative and insightful solutions for our investors.

    We believe the best team in the business delivers value and strong results.

    Meet the team:

    Nick Smith

    Nick Smith

    Fund Manager

    Nick is the Fund Manager for the specialist quasi open-ended Airport Industrial Property Unit Trust (AIPUT), responsible for all aspects of AIPUT’s strategy and investments in the UK. Nick is based in Edinburgh, with 21 years of real estate and investment management experience.

    Prior to AIPUT, Nick worked across a range of open-ended funds and segregated institutional mandates, where he was an Investment Director with Scottish Widows Investment Partnership, and an Associate Director at ING Real Estate.

    Nick is a Member of the RICS, holds the Investment Management Certificate, and is an Approved Person of the FCA.

    Iain Leheny

    Iain Leheny

    Deputy Fund Manager

    Iain is based in Edinburgh and has 15 years’ experience in the property industry with over 11 years in investment management. He is Deputy Fund Manager on three funds within the direct property team, including AIPUT.

    Before joining abrdn Iain worked for 4 years at Culverwell, a specialist Scottish retail agency practice, and for 8 years at Hunter Real Estate Investment Managers, a boutique asset management house.

    Iain is a Member of RICS and holds a Batchelor’s degree in Civil Engineering and a Master’s degree in Land Economy.

    AIPUT Edward Amery

    Edward Amery

    Head of Business Space

    Edward is Head of Business Space within the UK Portfolio Management team responsible for setting strategy and delivering performance for individual assets within AIPUT.

    As well as AIPUT, Edward works on key projects for a number of abrdn’s clients ranging from Sovereign Wealth to Local Authority mandates. Edward also sits on the UK Investment Committee and is a member of the UK Investment Strategy Group.

    Edward is based in London and has 21 years of real estate, asset and investment management experience.

    Edward is a member of the RICS.

    Fraser Green

    Fraser Green

    Portfolio Manager

    Fraser is a Portfolio Manager with a particular specialism in the Industrial Sector. He currently works across five funds, and manages in excess of 3 million square feet of industrial floor space with a combined investment value of nearly £600m. Fraser is based in Edinburgh and has 13 years of commercial property experience.

    Since moving into investment management Fraser has worked principally on open-ended property funds with a strong business-space emphasis, but has also assisted on segregated mandates and work-out platforms for property lenders. Prior to this he worked in investment brokerage for a leading UK firm.

    Fraser is a Member of the RICS.

    • Nick Smith

      Nick Smith

      Fund Manager

      Nick is the Fund Manager for the specialist quasi open-ended Airport Industrial Property Unit Trust (AIPUT), responsible for all aspects of AIPUT’s strategy and investments in the UK. Nick is based in Edinburgh, with 21 years of real estate and investment management experience.

      Prior to AIPUT, Nick worked across a range of open-ended funds and segregated institutional mandates, where he was an Investment Director with Scottish Widows Investment Partnership, and an Associate Director at ING Real Estate.

      Nick is a Member of the RICS, holds the Investment Management Certificate, and is an Approved Person of the FCA.

    • Iain Leheny

      Iain Leheny

      Deputy Fund Manager

      Iain is based in Edinburgh and has 15 years’ experience in the property industry with over 11 years in investment management. He is Deputy Fund Manager on three funds within the direct property team, including AIPUT.

      Before joining abrdn Iain worked for 4 years at Culverwell, a specialist Scottish retail agency practice, and for 8 years at Hunter Real Estate Investment Managers, a boutique asset management house.

      Iain is a Member of RICS and holds a Batchelor’s degree in Civil Engineering and a Master’s degree in Land Economy.

    • AIPUT Edward Amery

      Edward Amery

      Head of Business Space

      Edward is Head of Business Space within the UK Portfolio Management team responsible for setting strategy and delivering performance for individual assets within AIPUT.

      As well as AIPUT, Edward works on key projects for a number of abrdn’s clients ranging from Sovereign Wealth to Local Authority mandates. Edward also sits on the UK Investment Committee and is a member of the UK Investment Strategy Group.

      Edward is based in London and has 21 years of real estate, asset and investment management experience.

      Edward is a member of the RICS.

    • Fraser Green

      Fraser Green

      Portfolio Manager

      Fraser is a Portfolio Manager with a particular specialism in the Industrial Sector. He currently works across five funds, and manages in excess of 3 million square feet of industrial floor space with a combined investment value of nearly £600m. Fraser is based in Edinburgh and has 13 years of commercial property experience.

      Since moving into investment management Fraser has worked principally on open-ended property funds with a strong business-space emphasis, but has also assisted on segregated mandates and work-out platforms for property lenders. Prior to this he worked in investment brokerage for a leading UK firm.

      Fraser is a Member of the RICS.

    Our Culture

    We have developed an unrivalled understanding and passion for aviation-related property over 19 years. Our insight comes from our entrepreneurial spirit and a strong focus on research, ‘coal-face’ engagement with airport-related stakeholders, and working with the best-informed specialists in our market. We were one of the first in the market to release further value from undertaking better data research and interpretation, and use of smart technology such as VTS (www.vts.com).

    The combination of detailed market knowledge and strong occupier relationships enable us to make the best informed investment decisions and deliver the best outcomes for our partners. As we are open to businesses at any stage of their life cycle, we want to enable our customers to thrive and perform at their very best in this competitive world.

    Our partners and customers

    We are proud to partner with companies who lead their industries, just like we do.

    Find out more

    About abrdn

    We invest to help our clients create more.

    More opportunity. More potential. More impact.

    We offer investment expertise across all key asset classes, regions and markets so that our clients can capture investment potential wherever it arises.

    By combining market and economic insight with technology and diverse perspectives, we look for optimal ways to help investors navigate the future and reach their financial goals.

    And by putting environmental, social and governance (ESG) considerations at the heart of our process, we seek to find the most sustainable investment opportunities globally. By ensuring the assets we invest in are ready for and resilient to a world in transition, we act as guardians of our clients’ assets.

    Operating in over 30 locations worldwide*

    Keeping us close to our clients and ensuring first-hand insight into companies, industries and markets

    Managing £465.3bn in assets for our clients*

    On behalf of individuals, governments, pension funds, insurers, companies, charities and foundations across 80 countries

    Focus on fundamental research

    The combination of our research, thematic thinking, ESG best practice and extensive on-the-ground analysis helps us find the most sustainable future-fit investment opportunities globally.

    *All data facts and figures as at 30 June 2021

    Warning
    Risk warning – The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the risk factors in the prospectus for general and specific investment risks attached to the individual funds.