On behalf of Aberdeen Standard Investments’ AIPUT fund, The Communication Group prepared two award entries for the specialist long-term investor in airport industrial real estate. The submissions for Logistics UK’s ‘Air Business of the Year’ award, and the Business Green Leaders Award’s category of ‘ESG Investor of the Year’, saw AIPUT confirmed as a finalist for both.
Recognition by these prestigious awards reflects AIPUT’s status as an industry leader, coming at a time when the fund has bucked the wider commercial real estate market this Summer, achieving full occupancy across its London-focused airport industrial real estate portfolio following the completion of several key new lease agreements at Heathrow Airport.
AIPUT is one of the largest private landlords at Heathrow, with a portfolio of some 2.1m sq ft. The fund, which marked its 15-year anniversary in March 2020, has been responsible for almost 30% of new letting deals at Heathrow Airport so far in 2020, amounting to almost 200,000 sq ft with a further 130,000 sq ft lease extension agreed with Kuehne+Nagel – the world’s second largest airfreight forwarder – at its South Cargo Centre location. The fund has established a target to achieve carbon neutrality across its portfolio and operations by 2025, collaborating with its commercial partners to embed ESG objectives in all decision making.