abrdn’s AIPUT fund (Airport Industrial Property Unit Trust) has acquired the freehold of Trade City Luton, which forms part of the Kingsway Industrial Estate, located in the heart of Luton for £38.44 million. Offering a range of highly flexible units between 5,000 and 27,000 sq ft. this new industrial park is positioned to appeal to first and last mile logistics occupiers, making the most of Luton’s growing status as a rapidly expanding commuter town and multi-modal logistics hub, with easy access to a local population of over 1 million.
This prime 125,000 sq ft industrial regeneration scheme, developed by Kier in 2021, supports around 250 jobs and dovetails well with AIPUT’s strategy to actively support the nation’s logistics and supply chain resilience by investing in the critical industrial infrastructure that UK plc needs in a post-Brexit and post-Covid world. The market-leading specification of the scheme – which includes EV charging stations and smart energy metering – supports AIPUT’s Net Zero strategy, achieving an EPC ‘A’ rating and BREEAM Very Good.
To publicise the announcement, The Communication Group plc prepared and distributed a press release for this acquisition securing widespread media coverage on top-tier property trade publications including React News, Property Week and Estates Gazette to name a few.
