SEGRO, a leading investor, developer and owner of industrial and logistics space, has agreed a lease for two newly renovated units at its air cargo facility at Gatwick Airport.
Swissport, a leading international air cargo handling and aviation services company, has agreed a five-year lease for 62,400 sq ft of warehouse space at SEGRO Park Gatwick, which is the airport’s largest and best air cargo facility at over 500,000 sq ft.
Swissport is one of SEGRO’s largest aviation customers across its airport portfolio at Heathrow, Gatwick and Stansted. The leasing has increased the occupancy rate of the developer’s airport portfolio to 98 percent.
Gareth Baker, Western Corridor Director at SEGRO, said: “As airlines embrace long-haul opportunities, we are seeing significant growth in air cargo facilities across our airport portfolio. Air cargo volumes are expected to rise by 5.8 percent next year*, highlighting the The sector’s strong recovery from the Covid-19 pandemic.
We are always happy to see our clients expanding with us and this deal is particularly exciting, as it represents our largest lease at Gatwick Airport in recent years.
“Additionally, the speed with which we were successful in leasing these two units is a testament to the high standards of our renovation efforts.”
Joe Belfield, Chief Operating Officer, Cargo UKI at Swissport, said: “Swissport is delighted to re-enter the London Gatwick Cargo market. With the continued growth in volumes seen in the UK and Ireland, London Gatwick Airport was a logical choice. We believe the airport’s potential and geographical location In the long term it blends well with the continued expansion of our freight business in the UK and Ireland, as we grow our physical footprint by 41 percent in the region.
This transaction marks the twelfth The lease has been signed by SEGRO within its airport portfolio at Gatwick, Heathrow and Stansted through 2024.
The post SEGRO secures new lease at Gatwick Airport as boom in air freight demand makes its debut at Air Cargo Week.
