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London, 12th February 2013 – The West London Industrial team at Jones Lang LaSalle has been instructed by AXA REIM on its 180,000 sq ft proposed new industrial scheme in Hayes. The new development will comprise four industrial warehouse units on an 8.5 acre site on Uxbridge Road developed to the highest specification. Planning consent is currently being sought by AXA REIM to redevelop the existing building. In the first instance they will seek a pre-let to kick start the whole scheme.
Commenting on the instruction, Bridget Outtrim – Director Industrial and Logistics at Jones Lang LaSalle said: “This development opportunity is well timed. There has been very little speculative development of new industrial space in West London in the past three years and the supply of good quality Grade A space is at a 13 year low accounting for less than 6% of availability. This is an exciting new instruction for Jones Lang LaSalle and we are delighted to expand our existing relationship with AXA.”
Jones Lang LaSalle is join agent on the scheme with local agent Doherty Baines.
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