Lothbury has secured planning for a 75,000 sq ft industrial scheme close to Heathrow Airport.
The £20m project sees the demolition of existing, mainly 1960s and 1970s-built buildings, located on a 3.5-acre site on Colndale Road, Poyle.
The plans submitted by Lothbury Investment Management, on behalf of Lothbury Property Trust, detail a new “best-in-class”, multi-let industrial estate targeting BREAAM Excellent and net zero carbon in construction.
Executive director Adam Smith said: “The development of this estate will provide a high-quality product that will enhance both the returns and the ESG credentials of the fund. The occupier base in this location is widening beyond solely airport-related businesses due its proximity to London and the national motorway network. The supply-demand dynamics will support strong rental growth over a significant time horizon.”
Lothbury also holds a further three units on the same estate and a modern single-let distribution unit on the adjacent site.
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