Worldwide Flight Services extends lease at Heathrow Cargo Centre
20 February 2019 - Worldwide Flight Services (“WFS”) has renewed its lease on two units, totalling 140,000 sq ft, at Heathrow Cargo Centre - the major airside cargo facility owned and managed by SEGRO.
WFS, the world’s largest cargo-handling organisation, has signed five-year leases for airside units at 551 Shoreham Road and 552 Shoreham Road, which provide around 60,000 sq ft and 80,000 sq ft of modern warehouse space respectively.
Having been a customer of SEGRO’s for 14 years and occupying 400,000 sq ft across four units, WFS uses its space at Heathrow Cargo Centre for cargo and freight handling. The company’s expansion at Heathrow since 2015 underlines the strategic importance of the airport, which transported over 1.6 million metric tonnes of cargo in 2018.
Alan Holland, Head of the Central London Business Unit at SEGRO said:
"WFS is a key player in cargo handling and we are proud they are one of our customers. Their renewed commitment underlines not only our close working relationship but also the continued demand we are seeing for well-located industrial units that deliver airside and landside access at the UK’s hub airport.
“With Heathrow reporting consistently high levels of cargo being exported and imported, demand for freight handling space around the airport shows no sign of abating.”
Steven Greenhalgh, Finance Director at WFS UK said:
"These airside facilities enable us to deliver a seamless service to our customers and so it was crucial to extend our occupation for a further five years. Heathrow is a key strategic location for our business globally and we look forward to partnering with SEGRO on any future space requirements at the airside Cargo Centre.”
Airworld, Air Canada, DHL Aviation, Air France and Menzies Aviation also occupy space at SEGRO’s assets on Shoreham Road, which offers direct airside access and reduced delivery times.
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.9 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.
See www.SEGRO.com for further information.