Fiera purchases London £50m logistics Site

Fiera Real Estate (“Fiera”) and Wrenbridge are pleased to announce the acquisition of 2.9-acres in Hayes, West London. The business plan is to speculatively develop a Grade A urban logistics development with a GDV of £50m. Planning has been submitted and the scheme is scheduled for delivery in Summer 2025.

This represents the third acquisition for the Fiera Real Estate Logistics Development Fund UK (“FRELD”), which has a further c.£250m to deploy into similar logistics sites across the UK.

The scheme will total 83,746 sq ft, split across four units ranging between 15,158 sq ft to 25,630 sq ft. There will be flexibility to combine the units should larger requirements come forward. It will benefit from the highest ESG credentials with BREEAM Outstanding and EPCA+ being targeted as well as Net Zero Carbon during construction and operation.

Hayes is an established prime London logistics location, strategically positioned 15 miles west of Central London, and 3 miles north of Heathrow Airport. The site is well connected to the motorway network via the M4, which in turn links with the M25.

Hayes also benefits from excellent rail links with the mainline rail station providing services to London Paddington with a fastest journey time of 20 minutes. The connection with the newly opened Elizabeth Line has fuelled considerable regeneration to the local area.

Chris Button, fund manager of Fiera Real Estate, commented “We are delighted to be delivering much needed, sustainable high-quality urban warehousing to Hayes. The scheme will make a strong contribution to the local economy, boosting local jobs. We look forward to delivering this with Wrenbridge.”

Will Jarman, associate director of Wrenbridge, commented “We are excited to announce our plans for the site following acquisition and push ahead with delivering a highly sustainable scheme with Fiera, which is designed to push the bar and create best in class space for a range of occupiers. We are keen for more high calibre sites for the portfolio to satisfy the capital we have to deploy.”

By Mark Adair – Correspondent, Bdaily

Add me on LinkedIn and Twitter to keep up to date
And follow Bdaily on Facebook, Twitter and LinkedIn
Submit press releases to editor@bdaily.co.uk for consideration.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.