Tuesday 17th Sep 2019 - Logistics Manager Magazine

Uxbridge industrial park fully let

Aviva Investors has completed two lettings at Uxbridge Industrial Park, meaning the site is now fully let less than a year after completion.

Together, the two deals represent approximately 171,000 sq ft of industrial and distribution warehouse space. Unit UX1, which covers 134,000 sq ft of distribution space, and UX2, a 37,000 sq ft unit, have each been let on ten-year leases. It is thought that UX1 has been let as a data storage centre although there has been no confirmation. Terms were agreed on a third unit prior to its completion last year.

UX1 comprises 134,168 sq ft has 12m eaves as well as nine dock and five level access doors. It has a 50kn/sqm floor loading and three-phase power totalling 500kVA.

It is located 1.5 miles from the M40/A40 Junction and 3.5 miles from M25/M4 Junction 15/4b being just 5 miles from London Heathrow Airport

Aviva Investors completed a £32.7m development funding agreement in September 2017 to speculatively develop three units, with the build completing in October 2018.

Colliers International and JLL acted for Aviva Investors.

Alastair Wakefield, Associate Director, Real Estate at Aviva Investors, said: “Demand continues to be strong in the industrial and logistics sector across West London and the South East.”

Patrick Rosso, director, industrial & logistics, Colliers International, said: “For both UX1 and UX2 to let so quickly upon completion is further proof of the depth of demand and the strength of the market around Uxbridge and West London. With average void periods now at an all-time low in this area, good quality, well-located Grade A stock is more sought after than ever.”