Aviva Investors is to speculatively develop a 170,000 sq ft industrial scheme on the Uxbridge Industrial Estate in West London.
The company will develop three industrial and distribution warehouse units at the site. The warehouses will be collectively known as Uxbridge Industrial Park and will be highly specified, comprising three separate units of 119,653 sq ft, 36,017 sq ft and 11,505 sq ft in size.
Alastair Wakefield at Aviva Investors, said: “The combination of strong levels of occupier demand and the continued lack of good quality industrial accommodation is placing significant upward pressure on rental levels, particularly in the South-East and Greater London. Urban logistics and last-mile opportunities remain at the top of the agenda for many in the market and this acquisition supports our broader real estate focus on core locations.”