The Airport Property Partnership (APP), a joint venture between SEGRO and Aviva Investors, has let 15,686 sq ft at North Feltham Trading Estate to Savino Del Bene.
Savino Del Bene is a global freight forwarding company, and has more than 130 offices around the World. The business is rapidly expanding, and this new facility will become the company’s distribution hub for its operations in Heathrow. The unit has been leased for a 10 year term.
Alan Holland, director of APP and SEGRO’s Business Unit Director for Greater London, said: “This deal reflects the continued demand we are seeing for high quality self-contained units. North Feltham Trading Estate remains a popular location for freight and airline businesses, and we are pleased to welcome Savino Del Bene to the Estate. The APP recently completed the development of two new facilities totalling 85,700 sq ft at North Feltham Trading Estate, and we will continue to invest in assets at Heathrow.”
The well-established North Feltham Trading Estate is the largest non air-side asset in the APP portfolio at Heathrow. Customers include Wincanton, LSG Sky Chefs, Fedex and UPS.
APP is a joint venture between SEGRO and Aviva Investors. SEGRO is the asset manager, while Aviva Investors is the fund manager.