Fiera Real Estate, Wrenbridge acquire a 15-acre site in prime West London location

Fiera Real Estate and Wrenbridge have acquired 14.8 acres in Heathrow, West London, from Stonegate Homes.

The business plan is to speculatively develop a class A urban logistics development with a gross development value of £60 million (€70 million/$76 million).

This represents the fourth acquisition for the Fiera Real Estate Logistics Development Fund UK (FRELD) which has a further £200 million (€234 million/$253 million) to deploy into similar logistics sites across the United Kingdom.

The business plan is to obtain, plan and speculatively build a 110,570-square-foot logistics scheme comprising three units ranging from 22,131 square feet to 58,127 square feet.

The site is situated on Staines Road, a prime location in West London and benefits from excellent access to the M4, M3 and M25, 1.5 miles from Heathrow Airport and first-rate rail links. Approximately 2.1 million people live within a 45-minute drive and the local population of Hounslow has g