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Oxenwood Real Estate and AIMCo dispose of their last mile logistics site in Hayes, West London

Oxenwood Real Estate, the UK and European real estate investment management firm, and its joint venture partner, Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, have sold Hayes Bridge Retail Park in West London for an undisclosed sum.

The 7.8-acre retail park on Uxbridge Road, six minutes from junction 3 of the M4, was acquired in 2021. Ahead of the sale, Oxenwood secured planning permission for a change of use to develop a new 173,000 sq ft warehouse facility.

Stewart Little, CEO of Oxenwood, said: “The team has worked tirelessly to secure the change of use planning consent to allow the development of a prime last mile logistics warehouse on a rare site in West London. The subsequent sale represents the conclusion of a very successful project for the Oxenwood and AIMCo joint venture.”

Rupert Wingfield, Head of European Real Estate at AIMCo, commented:  “We are very pleased to have secured a logistics warehouse planning consent from Hillingdon Borough Council, swiftly followed by a successful disposal of the asset.  This allowed us to achieve our business plan in an expedited time frame of just two years and two months.”

Oxenwood / AIMCo were advised by CBRE and Wedlake Bell on the sale.