Wednesday 26th Oct 2016 - Logistics Manager

Freightnet chooses Segro’s X2 double decker shed

Privately owned cargo handling company Freightnet has taken a 36,524 sq ft unit on the upper floor at SEGRO’s, X2, Heathrow.

The company has signed a 10 year lease on the property which was being marketed at a rent of around £12 per sq ft.

Last year SEGRO leased the whole of the ground floor at X2 to AirWorld Services Limited and Freightnet will be the first customer to occupy one of four units on the upper deck.

Freightnet has also secured 1,187 sq ft of space within Building 554 on Shoreham Road, which is located within Heathrow Airport’s Cargo Terminal known as ‘The Horseshoe’. Freightnet has signed an initial five year lease on this building with the Airport Property Partnership (APP), which is a joint venture between SEGRO and Aviva Investors.

Freightnet Chairman, Adam Bacon commented: “Having worked with Aspect to conduct a comprehensive search of available airport property, we identified X2 and Shoreham Road, both managed by SEGRO, as the ideal strategic locations from which to drive our business expansion into the Heathrow cargo market.”

Simon Lanyon of SEGRO, added: “Freightnet is a rapidly expanding company and we are pleased they have chosen to locate to such a prominent location at Heathrow. Freightnet will be able to use the large warehousing space as well as create spacious offices.

Freightnet was represented by Aspect Property Consultants while Savills, Doherty Baines and De Souza acted for Segro.

X2, a landmark two storey warehouse facility, is configured to provide full lorry access and loading on both levels. Located close to the southern runway at London Heathrow, X2 benefits from direct access onto the Perimeter Road and is adjacent to one of the airport’s principal road junctions with links to the M25, M4, M3 and M40. For airside access, Control Post 24 which serves Terminals 1, 2 and 3 is also nearby.