SEGRO lets Gatwick warehouses
Investor developer SEGRO, has agreed a lease on two newly refurbished units at its air freight cargo facility at Gatwick Airport to international air cargo handling and aviation services company Swissport.
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 12th lease signed by SEGRO within its airport portfolio at Gatwick, Heathrow and Stansted during 2024.
Letting agent was Logix Property.
