Heathrow: SEGRO and Aviva sign Bolloré

SEGRO and Aviva Investors, through their joint venture, Airport Property Partnership (APP), have secured an 80,000 sq ft letting at Skyline, Heathrow, to global logistics company Bolloré Logistics, formerly SDV. The development, on a site bought by APP a year ago and comprising two speculatively-built warehouse units of 74,000 sq ft and 80,000 sq ft, is due to reach completion this month.

Bolloré Logistics, which has signed a 15-year lease, has over 10,000 employees across 102 locations. It is an existing long-term SEGRO customer with two buildings, both at Heathrow, totalling 60,000 sq ft.

Alan Holland, director of APP and business-unit director of SEGRO for Greater London, said: “We pride ourselves on working with our existing customers and this signing is testament to how we are able to meet their needs and help them to achieve their business objectives.”

Stuart Innes, managing director of Bolloré Logistics, said: “Bolloré Logistics firmly believes that the Skyline development is perfectly suited to the long-term ambition of our business and sends a message to the market about our intent to be at the very top of our industry.”

SEGRO owns or manages 6.4m sq ft of warehouse assets around London's airports, mainly at Heathrow, in some of the most sought-after airside and off-airport locations.

Letting agents at the scheme are Savills, Dowley Turner Real Estate and De Souza & Co.

Credit: CoStar