SEGRO and Aviva Investors, through their joint venture, Airport Property Partnership have secured their largest ever letting at Heathrow Cargo Centre.
Air service provider, and existing customer, Worldwide Flight Services (WFS) have signed a 10 year lease to occupy a 159,116 sq. ft. airside unit at 550 Shoreham Road, Heathrow.
WFS now occupies 300,000 sq ft at Heathrow Cargo Centre, with the new space supplementing existing facilities at 551 Shoreham Road (59,644 sq ft) and 552 Shoreham Road (80,948 sq ft).
This latest signing has enabled WFS to significantly grow their business which has resulted in the new signing of two large customers.
Pat Roberts, WFS Managing Director, said: “The expansion of our holdings at Heathrow Airport is a major milestone for our company. Not only has this reconfigured space enabled us to continue to provide a seamless service to some of the biggest names in the industry, it has also paved the way for us to secure two new major clients.
“Our new facility at Building 550 Shoreham Road will enable us to secure 70,000 tonnes of operations from non-airside facilities, resulting in a more efficient service for our customers. We look forward to working with APP on our future property requirements at Heathrow Airport.”
Alan Holland, Director of APP and SEGRO’s Business Unit Director for Greater London, said: “WFS is a significant player in the cargo handling sector with a large number of major carriers on their client list. Over the years, we have developed a close working partnership which has enabled us to ensure that they have access to highly sought after airside space at the crucial points in the growth of their business.
“The scale of this latest deal supports our strategy for a continued focus on well located, high quality airside and landside industrial units which are integral to boosting business growth. Freight provision at key airports such as Heathrow is vital in a global marketplace and its strategic importance to the economy should take centre stage in the debate around aviation capacity in the UK.”
Recent research commissioned by SEGRO showed that 60% of business leaders chose their location due to the proximity of the airport.
Other major Shoreham Road occupiers include Airworld, Air Canada, DHL Aviation, Air France, Dnata and Menzies Aviation.