Heathrow: SEGRO sells Heston and Airlinks Industrial Estate
22 September 2016
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SEGRO has sold Heston and Airlinks Industrial Estate at Heathrow, comprising 481,000 sq ft of warehouse space across 47 units, to Capital Industrial for £79.5 million.
Phil Redding, chief investment officer at SEGRO, said: “This disposal reflects both our desire to focus our portfolio on more modern and less management-intensive assets and the continuing, strong investor demand for multi-let warehouse assets near London.
"We intend to use the proceeds to help fund the development of new warehousing in our core markets.”
Credit: CoStar
