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Oxenwood Real Estate and AIMCo secure planning for a new last mile logistics facility in Acton, 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 secured planning consent from Ealing Borough Council for a new 106,000 sq ft logistics facility in Acton, West London.

The consent will enable development of a 106,000 sq ft facility, Power Park Acton, on a 4.7-acre site located just off Uxbridge Road accessed via Eastman Road. The development will replace what is currently an older manufacturing warehouse with a highly sustainable modern BREEAM Excellent facility. The existing tenant will remain onsite in the short-term, prior to wholesale redevelopment.

Stewart Little, CEO of Oxenwood said: “Having received consent from Ealing Borough Council for this exciting scheme, we can now move forward with the project within what is a prime London location. The site will enable occupiers to serve central London and appeal to a variety of occupiers within the market. We will be opportunistic with our approach to the project and will consider either speculative development or a pre-letting structure giving prospective tenants the opportunity to tailor the building to suit their requirements.”

Rupert Wingfield, Head of European Real Estate at AIMCo, commented: “We are delighted to have received consent from Ealing Borough Council for what will be a state of the art, BREEAM Excellent warehouse facility strategically located in this well-connected West London Borough.  We have enjoyed working with Oxenwood and our consultant teams to deliver this successful outcome.”