Airport Property Partnership (APP), a joint venture between SEGRO and Aviva Investors, is has signed up transportation and logistics firm, Kuehne + Nagel, to its North Feltham Trading Estate.
Kuehne + Nagel has signed a 10 year lease on an 86,500 sq ft unit and will be using the facility to distribute food and drink products.
North Feltham Trading Estate is the largest non-airside asset in the APP portfolio at Heathrow.
Alan Holland, Director of APP and SEGRO’s Business Unit Director for Greater London, said: “We are pleased to have signed this new deal with our existing customer, Kuehne + Nagel, and are delighted to welcome them to the North Feltham Trading Estate. Located just three miles from Heathrow’s Cargo Terminal and with excellent access to the main road networks, North Feltham’s strategic location is a great fit for major logistics providers such as Kuehne + Nagel.”
Bill Thatcher, Operations Manager, Kuehne + Nagel, said: “As one of the leading global air cargo logistics providers, it was imperative that we secure a facility with good access to Heathrow’s Cargo Terminal. APP’s unit at North Feltham was the perfect solution and we’re excited to begin operating from the new facility.”
APP is a joint venture between SEGRO and Aviva Investors. SEGRO is the asset manager, while Aviva Investors is the fund manager.