Oxford Properties Group, alongside Logistics Capital Partners (LCP), has acquired a 15-acre site in Heathrow, London. Oxford’s acquisition marks its first direct logistics investment in Europe, with plans to redevelop the site to provide a market-leading, purpose-built prime logistics space.
Joanne McNamara, head of Europe at Oxford Properties, commented, “Logistics continues to be one of our highest conviction strategies globally; we continue to believe in the secular shifts underpinning the sector, including e-commerce penetration and evolving supply chains, that will continue to drive robust occupier demand against a limited supply of prime new space. This demand and supply imbalance for new, prime logistics space is particularly apparent around major cities where there is significant competition from alternative uses.”
Oxford has retained LCP as investment, asset and development manager for the scheme over the following years. The venture intends to deliver a
