JLL delivers significant letting to Aramex UK in Poyle, Heathrow
JLL has completed the letting of Cargo 777, a refurbished 80,782 sq ft facility in Poyle, Heathrow, to Aramex UK, a leading global provider of comprehensive logistics and transportation solutions. JLL acted on behalf of a client of LaSalle Investment Management.
Poyle is a long-established industrial and logistics centre to the west of Heathrow at Junction 14 of the M25. Aramex UK, who were advised by Matthews & Goodman, signed a 10-year lease on the site which will provide them with unrivalled access to the Heathrow Cargo Terminal, Terminal 5 and the national motorway network.
Melinda Cross, head of London & south east Industrial & Logistics, JLL, said: “It’s great that this deal has been completed amidst the backdrop of such a volatile time in the market. The letting to Aramex UK is testament to the excellent location of Cargo 777 – on junction 14 of the M25 and close to the Cargo terminal – and the continued demand for industrial space in the Heathrow area.”
Nneka Ejindu, asset manager, LaSalle Investment Management, said: “Cargo 777 was refurbished to offer a modern office specification and a flexible headquarters facility that would be an attractive site for potential occupiers. The facility includes three-storey office accommodation, which has given Aramex UK the flexibility to not only use the site as its main storage and distribution depot, but also as its headquarters facility in the South East, with Heathrow being a gateway to its markets. We’re pleased to have completed this deal on behalf our client in spite of such challenging circumstances.”
Othman Aljeda, regional CEO for Aramex in Europe, North America and Asia; and Acting COO, said: “We are pleased to be partnering with LaSalle Investment Management and JLL on this project. The facility will definitely help in supporting the rapid growth in demand for our logistics solutions and ensure a seamless and reliable fulfillment services. We will equip the building with the latest technologies, for higher capacity, faster sortation process, and reduced transit times. We believe this will allow us to meet the growing customer demand for rapid and more efficient logistics and transportation services.”
Aramex UK have doubled their operations in Poyle and sit alongside other established businesses in Poyle such as DHL, UPS, Davis Turner and Kintetsu World Express.
Altus was the joint leasing agent.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.