12 May 2014 - The £460 million Airport Industrial Property Unit Trust (AIPUT), managed by SWIP now part of Aberdeen Asset Management, is pleased to announce that Senator International Freight Forwarding Limited, an international freight, logistics and NVOCC1 operator, has taken a prime warehouse of 11,000 sq ft at its Airport Gate estate at London Heathrow. Unit 7 is a warehouse of 11,000 sq ft in a strategic location to the immediate north of Heathrow airport. The hub is situated on the Bath Road, and links with the airport’s Northern Perimeter Road. The busy estate comprises modern warehouse units totalling 140,000 sq ft across seven units. Its core attribute is its excellent connectivity with Heathrow's Terminals 1, 2 and 3 and is two miles from the Heathrow Cargo Terminal. It also offers quick access to the M4 and M25 providing extensive nationwide transport coverage. Senator International Freight Forwarding Limited joins a fully let airport focused park which comprises Alpha Catering Group and Menzies Express Baggage Services. Senator International Freight Forwarding Limited will be operating an extensive air freight and express operation dedicated to the airport and West London and will directly link with its Manchester branch.
Nick Smith, fund manager for AIPUT commented: "We are delighted that Senator International Freight Forwarding Limited has chosen our Airport Gate estate to satisfy their dedicated real estate requirement and strengthen their Heathrow and South East coverage. We are confident the strategic position and the modern specification of their new Heathrow location will support their impressive growth plans and will allow them to offer a wider multi-channel service range for their international customer base. “This transaction allows us to grow our relationship with this expanding international freight forwarder and broadens our connectivity with key operators in the exciting emerging markets.”
- Connect with AIPUT at www.aiput.co.uk
- The Airport Industrial Property Unit Trust (AIPUT) is a specialist in the ownership and management of warehouse and logistics property at and near major UK airports.
- The AIPUT portfolio manages in excess of 232,000 sq m (2.5 million sq ft) of prime cargo and warehouse accommodation at Heathrow, Gatwick, Stansted and Glasgow airports.
- AIPUT portfolio has a combination of existing properties and build-to-suit opportunities.
About Aberdeen Asset Management
Aberdeen is the parent company of a global independent asset management group. Formed out of a management buy-out in Aberdeen, Scotland, in 1983, Aberdeen is a FTSE 100 company operating on-the-ground in over 23 countries across Europe, Asia and the Americas. The Group is defined by its pure focus on asset management, including equities, fixed income, property and multiasset portfolios. All investment solutions are driven by its commitment to straightforward, transparent investment approaches that stress intensive, first-hand research and a long-term view. Aberdeen Asset Management announced the completion of the acquisition of SWIP on 1 April 2014. The sale of SWIP to Aberdeen has created the largest listed asset management business in Europe, with more than £324.5 billion under management. Further information about Aberdeen can be found at www.aberdeen-asset.com