abrdn’s AIPUT (Airport Industrial Property Unit Trust) fund recently announced it has secured a new £350million debt financing agreement with Wells Fargo, to enable the fund’s transformational investment programme and expand its prime industrial real estate portfolio.
This new Facility will allow AIPUT to finance its acquisition and renovation programme over the next five years, with flexible access to debt capital – in addition to its existing capital resources. AIPUT plans not only to expand its existing portfolio of industrial real estate assets in and around the UK’s key trade gateway locations, but also to lower the environmental impact of its existing property assets, magnifying their operational efficiency and ultimately increasing their yields.
The announcement marked a significant milestone for AIPUT as it demonstrates the fund’s strategic commitment to its recently cemented Net Zero Carbon Strategy – to improve the portfolio’s energy efficiency by decarbonising the fund’s property-level operations by 2040 – with sustainability linked KPIs a key part of the agreement with Wells Fargo. The deal proves AIPUT’s thought leadership in the industrial property industry, insofar as it showcases ESG policies permeate all its operations: throughout acquisitions, management, development and, in this instance, financing.
The Communication Group plc supported AIPUT’s announcement by preparing and distributing a dedicated press release. Despite a congested news agenda, the announcement achieved widespread media coverage, featuring in leading real-estate-dedicated publications, including, and not limited to, CoStar, Property Week, React News and Estates Gazette.
