AIPUT achieves key air cargo portfolio expansion at Blackthorne Point

posted on 16th January 2020 by Eddie Saunders
AIPUT achieves key air cargo portfolio expansion at Blackthorne Point

Aberdeen Standard Investments’ AIPUT fund (Airport Industrial Property Unit Trust) has secured a resolution to grant planning permission from Slough Borough Council’s Planning Committee for Black Arrow, a high-quality speculative-build warehouse development at its Blackthorne Point industrial estate in Poyle.  

The high-spec, 27,760 sq ft (2,579 sq m) GIA industrial warehouse will occupy a vacant brownfield site, immediately across the M25 from Heathrow’s Terminal 5.  Black Arrow will be a flexible industrial warehouse unit supporting B1c, B2 and B8 uses, similar in proportion to an existing planning consent granted in 2017.  However, the building will incorporate a number of new environmental initiatives – including air source heat pumps and photovoltaic panels – delivering a 30% reduction in CO₂ emissions over building regulation requirements and the achievement of a BREEAM ‘very good’ rating.  AIPUT’s Carbon Strategy requires the fund to achieve carbon neutrality across its portfolio by 2025. 

Fraser Green, Portfolio Manager for AIPUT, said: “This welcome new addition to our Blackthorne Point estate delivers on AIPUT’s long-term vision to facilitate the continuing growth of our high-quality air cargo portfolio at key locations serving Heathrow.  Black Arrow will set a new quality benchmark for airport-related industrial warehousing at Poyle, delivering cutting-edge environmental performance.” 

The Black Arrow development follows swiftly on the heels of several key letting announcements by AIPUT at Blackthorne Point during 2019, following the refurbishment of several existing units.  Current tenants at the 156,000 sq ft facility include UPS, Horizon International and C. H. Robinson.  The delivery of additional high quality warehousing strongly positions Blackthorne Point (and the wider Poyle Trading Estate location) to benefit significantly from the expected future expansion of Heathrow Airport and the growth of its air cargo service, which the airport’s owners project to reach at least 3million tonnes per year by 2040.