AMB buys in Hayes

Dawleypark AMB has made its second purchase in the UK, buying a warehouse in Hayes near Heathrow as part of its global strategy to invest near airports.

According to Property Week the US REIT has paid around £30m for a 165,000 sq ft shed and the surrounding land, formerly known as Dawley Park. It has rebranded it as AMB North Heathrow Distribution Center 1. It is fully let to Deutsche Post.

The purchase takes AMB’s UK distribution space to more than 485,000 sq ft, a small but growing chunk of its 11.5m sq ft across Europe.

AMB was close to buying Bedfont Trading Estate from Trehaven Group earlier this year, until the secretary of state called in the planning consent on the site.

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