Kennedy Wilson and its partner have acquired Heathrow Estate, a high quality multi-let industrial property in a prime distribution location in West London for $111 million, excluding closing costs.
The income-producing asset, which comprises a total of approximately 300,000 square feet of modern warehouse and ancillary office space, is 84 percent leased to a diverse mix of occupiers including Asendia, Tailsco, and HSS Hire. Heathrow Estate provides attractive short- to medium-term opportunities to add value through the extension of existing tenant leases and the leasing of vacant units. Kennedy Wilson will also undertake an active asset management strategy to improve on-site services and upgrade sustainability performance, as well as reviewing the possibility for future alternate uses.
Situated in West London, Heathrow Estate is strategically located in an established industrial hub, benefiting from direct access to Junction 4 of the M4, Heathrow Airport’s Cargo Ter
