AIPUT (Airport Industrial Property Unit Trust) announced that the London Borough of Hounslow has granted planning permission for a new 67,000 sq ft GEA (Gross External Area) high-spec industrial warehouse building at its Radius Park industrial campus at Heathrow Airport.
The new ‘RP6’ warehouse will consolidate two previous warehouse buildings at AIPUT’s 16-acre Radius Park campus. The building will be stripped back to the structural steel and floor slab to create a new high-quality, sustainable and flexible single warehouse building that will include Grade A first-floor offices and benefit from a highly secure, fenced location.
The new warehouse has been designed to achieve EPC A+ energy sustainability performance, incorporating a range of environmental initiatives, including roof-mounted photovoltaic panels and other Low and Zero Carbon technologies designed to minimise embodied and operational carbon. Additionally, the new building will use large areas of sustainably sourced timber cladding. The finished warehouse is projected to achieve a minimum of BREEAM ‘Excellent’ and EPC ‘A+’ ratings. RP6 represents the latest step in delivering AIPUT’s Pathway to Net Zero strategy, which seeks to decarbonise the fund’s operations and its entire logistics actual asset portfolio by 2040.
The site enjoys exceptional access to Heathrow Airport via the Perimeter Road at Hatton Cross (including key control posts such as the Heathrow Maintenance Base) and easy access to key highway routes including the M25, M4, A30 and A312.
Commenting on the Radius Park refurbishment, AIPUT fund manager Nick Ireland said: “We are delighted that the London Borough of Hounslow has supported our proposal for this significant investment in the enhancement of AIPUT’s Radius Park industrial campus.
“Our new building has been designed to incorporate a range of environmental standards supporting AIPUT’s ambition to decarbonise the fund’s real estate portfolio by 2040.”
Subject to the timing of final legal agreements, AIPUT hopes that the new RP6 warehouse will be ready for tenant occupation by Q4 2024. The fund’s existing customers at its Radius Park campus include ASC Cargo, Brinks, Customs Clearance Limited, ECMS Global and Gate Gourmet.
AIPUT was advised on the planning application by PRC Group and Northland, with JLL and Logix appointed letting agents.
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