SEGRO lets Gatwick warehouses

By Liza Helps Property Editor Logistics Matters

SWISSPORT HAS agreed a five-year lease for a Units 3 & 4 at the park which have a combined 62,441 ft2 of warehouse space at the 500,000 ft2 plus SEGRO PARK Gatwick scheme.

Swissport is one of SEGRO’s biggest aviation customers across its on-airport portfolio at Heathrow, Gatwick and Stansted. The leasing has increased the developer’s airport portfolio occupancy rate to 98%.

SEGRO Western Corridor Director, Gareth Baker, said: “With airlines embracing long haul opportunities, we are seeing significant growth in air cargo facilities across our airport portfolio. Air cargo volumes are projected to rise by 5.8% in the next year*, highlighting the sector’s robust recovery from the COVID-19 pandemic.

Swissport Chief Operating Officer, Cargo UKI Joe Bellfield, said: “Swissport is delighted to re-enter the London Gatwick Cargo market. With the continued growth in volumes seen within the UK and Ireland, London Gatwick was a logical choice. We believe the long-haul potential of the airport and graphical location blends nicely with the continued expansion of our UK and Ireland cargo business as we grow our physical footprint by 41% in the region.”

This deal represents the 12^th lease signed by SEGRO within its airport portfolio at Gatwick, Heathrow and Stansted during 2024.

Letting agent was Logix Property.