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Airport property firm launches first green warehouse

[ April 4, 2023   //   ]

AIPUT fund (Airport Industrial Property Unit Trust) has submitted a planning application at its London Heathrow Radius Park campus, the first major renovation project to be financed under a £350 million sustainability-linked credit facility with Wells Fargo Bank. 

It says it signals a new chapter in the fund’s strategy to deliver highly desirable, low-carbon and high energy performing logistics warehouses.  

Two adjacent warehouse units at AIPUT’s Radius Park campus will be stripped back to the steel frame and re-clad to create a cornerstone single 67,000sq ft warehouse.

The new building, subject to planning permission, will be developed speculatively, with a pre-let expected to be signed during the planning period.

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