LXi REIT is forward-funding a new maintenance, repair and overhaul facility for business jets at London Biggin Hill Airport.
The 232,000 sq ft hanger has been prelet to an undisclosed aerospace company for 35 years, on fixed uplifts of 2.5% per year.
The project is being funded by the company’s revolving credit facility.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
