SEGRO plc and Aviva Investors, through their joint venture, Airport Property Partnership (APP), have secured a letting at Skyline, Heathrow, UK, to global logistics company, Bolloré Logistics. The 80,000 sq ft development, which is located adjacent to Heathrow Airport, is speculatively built and is due to reach completion this month.
APP acquired the site a year ago and the development consists of two warehouse units of 74,000 sq ft and 80,000 sq ft. Located close to Heathrow’s cargo terminal, the location offers international connectivity as well as access to the UK’s motorway network from the M4 and M25.
Bolloré Logistics has signed a 15-year lease for the site and is already an existing long-term SEGRO customer, with two buildings, both at Heathrow, totalling 60,000 sq ft.
Alan Holland, Director of APP and SEGRO’s Business Unit Director for Greater London said, “We’re pleased to continue our long-term relationship with Bolloré Logistics. We pride ourselves on working with our existing customers and this signing is testament to how we are able to meet their needs and help them to achieve their business objectives. Skyline is the perfect development for Bolloré with great connectivity to Heathrow, London and the UK’s motorway network.”
Stuart Innes, Managing Director of Bolloré Logistics said, “Bolloré Logistics firmly believe that the Skyline development is perfectly suited to the long term ambition of our business and sends a message to the market about our intent to be at the very top of our industry.”
SEGRO owns or manages 6.4m sq ft of warehouse assets around London’s airports, mainly at Heathrow, in airside and off-airport locations.