Swissport signs long-term lease at SEGRO’s Heathrow Cargo Centre

posted on 6th August 2019 by Justin Burns
Swissport signs long-term lease at SEGRO’s Heathrow Cargo Centre

Swissport has extended its stay at SEGRO’s Heathrow Cargo Centre at Heathrow Airport following the signing of a new lease.

The company, which handles approximately 4.8 million tons of cargo annually, has penned a 10-year lease at a market rent on a 104,000 square foot warehouse unit on Shoreham Road.

SEGRO regional director for Heathrow, Gareth Baker said: “This long-term commitment ensures Swissport and its customers can continue to benefit from our well-positioned, airside cargo facilities at Heathrow Airport, which are integral to the efficient and reliable movement of goods.

“Swissport’s decision also reflects the importance of Heathrow Airport for UK exports and imports and the strong demand for the properties in our portfolio. We’re pleased to extend our relationship so we can continue working together to capitalise on future growth opportunities for air cargo in the UK.”

Swissport COO Cargo Western Europe, Jason Gaskell said: “Heathrow remains key to our UKI Cargo operations, our commitment to SEGRO’s Heathrow Cargo Centre will allow Swissport to strengthen its air cargo operations and service capabilities at Heathrow airport allowing our customers a stable platform for further growth.”

The Cargo Centre, which comprises 1.2m square foot of space in total, has a unique airside location which offers direct access to the apron, reducing waiting times and providing more certainty around deliveries.

The agreement of the new terms with Swissport follows long-term commitments from Air Canada and Worldwide Flight Services, which have both re-geared leases in 2019.

SEGRO said the lease includes a clause which gives it the ability to progress a future redevelopment of the Cargo Centre to support the proposed expansion of the airport and benefit customers including Swissport.

SEGRO has portfolio of 2.2 million square feet across Heathrow, Gatwick and Stansted airports. Swissport occupies 185,000 square foot across the three sites.