AerFin global Headquarters will accommodate activities such as engine disassembly MRO, alongside conventional warehousing and logistics operations.
AerFin has entered into a 10-year lease agreement with St. Modwen Logistics for a new 115,000 sq ft facility at St. Modwen Park, Newport. This site will serve as AerFin’s global headquarters starting in late 2024, designed specifically for advanced aviation aftermarket services. The facility will accommodate activities such as engine disassembly, maintenance, repair, and overhaul (MRO), alongside conventional warehousing and logistics operations. This agreement effectively doubles AerFin’s engine MRO capacity to approximately 200 quick-turn shop visits annually and storage capacity in the UK by a third.
Furthermore, the approximately 5,600 sq ft of high-specification office space provides a contemporary and comfortable setting to support AerFin’s ongoing expansion of global commercial operations. The facility aims to enhance employee experience while achieving net zero carbon operations through reduced energy consumption.
Simon Goodson, Chief Executive Officer at AerFin said, “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.”
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 totaling 26 million sq ft of logistics space.
Peter Davies, Senior Development Director at St Modwen Logistics, said, “The growth story of AerFin from local consultancy to a 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.”
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AerFin is a prominent player in the aviation aftermarket industry, specializing in the provision of aftermarket support solutions for aircraft and engines. They offer services such as engine disassembly, maintenance, repair, and overhaul (MRO), as well as traditional warehousing and logistics.
