Fiera Real Estate UK Ltd., the European real estate arm of Fiera Capital Corp., and Wrenbridge have completed the sale of AIR Heathrow to Tritax London Logistics Fund for £77 million ($104.2 million). The scheme was funded through the Fiera Real Estate Logistics Development Fund (FRELD).
AIR Heathrow represents the first disposal from the FRELD pipeline. The transaction underlines the strength of the Fiera and Wrenbridge partnership, with Fiera having delivered 13.75 million square feet in the United Kingdom during the past five years and Wrenbridge’s portfolio extending to 30 logistics schemes and £2 billion ($2.33 billion) of gross development value.
AIR Heathrow itself is a 16.6-acre, 162,000 square feet Grade A logistics scheme south of Heathrow Airport, comprising four units leased to occupiers including global freight forwarder AIT Worldwide Logistics. First acquired in two parcels, with planning secured in December 2024 and Magrock appointed as contractor, t
