Aberdeen Standard Investment’s Airport Industrial Property Unit Trust (AIPUT) fund has secured a £55 million revolving credit facility from financial partner RBS International.

The facility will provide access to capital to finance AIPUT industrial acquisitions and development projects at London airports.

It says strategic opportunities are expected to surface in the months ahead as a result of Brexit uncertainty and the perceived political risk of continuing friction in global trade policy.

AIPUT has a portfolio of air cargo and airport-related property assets serving London Heathrow, Gatwick and Stansted, with the fund value standing at around £670 million.

The £55 million credit facility supplements an existing £145 million debt facility made available in 2015.

Nick Smith, AIPUT fund manager says: “With a portfolio close to full occupancy, we are keen to secure the sites and develop the floorspace necessary to help London’s airports enhance their global competitive positions.”

Jamie Bennie-Coulson, director of real estate at RBS International says: “This is an award winning fund with high quality assets that is managed by a top tier investment manager so we’re delighted that we’ve been able to support AIPUT by increasing their debt facilities. This increase will help support the fund and its aspirations whilst demonstrating our continuing commitment to the UK real estate market.”