Aerfin lands at St Modwen Park Newport

Aviation service provider AerFin has signed a 10-year lease agreement with St Modwen Logistics for a new 115,000 sq ft facility at its business park in Newport. The facility, at St Modwen Park Newport, will act as the company’s global headquarters from the end of 2024. The space will be custom-built for enhanced aviation aftermarket services activities, including engine disassembly and maintenance, repair and overhaul operations, as well as traditional warehousing and logistics. The agreement will double AerFin’s engine maintenance, repair and overhaul capacity to around 200 quick-turn shop visits per year and expand its UK storage capacity by a third. It will also provide circa 5,600 sq ft of high-specification office space, and feature net zero carbon operations via reduced energy usage. Simon Bayliss, chief operating officer at AerFin, said: “This move will significantly enhance our operational capacity and position us well for continued expansion. We are collaborating with our selected contractors to ensure the space is fully functional by year-end to allow us to take advantage of the new facility’s unparalleled, advanced features.” Peter Davies, senior development director at St Modwen Logistics, said: “The growth story of Aerfin from local consultancy to global player in the aviation world is impressive, and we are proud they have chosen St Modwen Park Newport to base their new global headquarters. “AerFin’s arrival is yet another feather in the cap for the park and its growing reputation as an attractive home for big business, with grade-A office space as standard, plus space for both production and distribution operations under one roof.” Industrial lettings in Monmouthshire >>