Planning application in for Heathrow logistics park
Abrdn’s AIPUT fund (Airport Industrial Property Unit Trust) has announced the submission of a planning application at its London Heathrow Radius Park campus.
THE PROJECT signals the opening of a new chapter in the fund’s strategy to deliver highly desirable, low-carbon and high energy performing logistics warehouses.
The renovation project is set to be financed under the £350 million sustainability-linked credit facility recently secured with Wells Fargo Bank.
Two adjacent warehouse units at AIPUT’s super-prime Radius Park campus will be comprehensively stripped back to the steel frame and re-clad to create a cornerstone single warehouse facility on the estate.
The planning application also presents a new opportunity to assess the feasibility of a Smart Grid installation.
