St. Modwen has continued the expansion of its logistics portfolio in London with the £80 million (€94 million/$96 million) acquisition of Westlands industrial estate in Hayes.
The property, which comprises three high-specification warehouse units on a 7.2-acre site, is currently fully leased to logistics company Nippon Express, occupying a 125,000-square-foot unit, and Attewell Ltd., a manufacturer of aerospace equipment, occupying 40,500 square feet across two units.
Westlands is located in Hayes, one of London’s most established industrial submarkets, and is less than three miles from Heathrow airport. Close to the M4, M25 and M40 interchanges, it provides connectivity to Central London and the U.K. motorway network. The estate is adjacent to Hayes & Harlington rail station, which benefited from the opening of the Elizabeth Line in June.
“Hayes is one of London’s most competitive industrial submarkets, and this is a rare opportunity to acquire pri
