AerFin continues its global expansion with new headquarters at St. Modwen Park, Newport

AerFin has announced that it has signed a 10-year lease agreement with St. Modwen Logistics, one of the UK’s leading logistics developers and managers, for a new 115,000 sq. ft. facility at St. Modwen Park, Newport, which will act as the company’s global headquarters from the end of 2024.

The facility offers custom-built space for enhanced aviation aftermarket services activities, including engine disassembly and maintenance, repair and overhaul operations, as well as traditional warehousing and logistics. The agreement doubles AerFin’s engine MRO capacity to around 200 quick-turn shop visits per year and expands its UK storage capacity by a third.

Additionally, the c. 5,600 sq. ft. of high-specification office space offers a modern, comfortable environment in which to drive the continued growth of AerFin’s global commercial operations with a superior employee experience that also delivers net zero carbon operations via reduced energy usage.

Earlier this year, Blackstone announced that from July 2024, St. Modwen Logistics’ portfolio of assets will become part of Indurent, a new pure play UK logistics champion. The business will have more than 200 assets totalling 26 million sq. ft. of logistics space.

Simon Goodson, Chief Executive Officer at AerFin, commented: “We are pleased to commit to our new, global headquarters, marking a significant milestone in AerFin’s growth story. 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, added: “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.”