Virgin Atlantic facility at Gatwick to be converted for logistics

The property comprises Virgin’s training facility extending to c.220,000 sq ft on a site of 10.39 acres and was sold subject to a short-term leaseback. This prime site fronting Fleming Way will be redeveloped to provide up to 225,000 sq ft of logistics space.

Cameron Fraser, director at Marchmont, said: “We are delighted to have completed on the purchase of this prime development opportunity as part of our strategic drive with Pictet to build a £200m+ portfolio of core UK logistics assets. We see Crawley as a key South East market with an under-supply of Grade A quality mid-box units.”