Global industrial real estate firm AMB has announced that its Europe Fund I has acquired a 13,000-m[sup]2[/sup] logistics facility in the vicinity of Heathrow Airport in the UK. The financial details of the transaction were not disclosed.

Global industrial real estate firm AMB has announced that its Europe Fund I has acquired a 13,000-m2 logistics facility in the vicinity of Heathrow Airport in the UK. The financial details of the transaction were not disclosed.

AMB North Heathrow Distribution Center 2 is fully leased to a leading aircraft landing overhaul landing provider. The asset, adjacent to one of AMB's existing facilities, is located two miles north of London Heathrow Airport and approximately 14 miles west of Central London.

At end-June 2010, AMB has 58,000 m2 of distribution space in the UK, serving customers in the air express, logistics and freight forwarding industries. AMB’s European portfolio consists of approximately 1.3 million m2 of logistics and distribution properties, both operating and under development, in Belgium, France, Germany, Italy, the Netherlands, Spain and the UK.